XRP and Major Altcoins Dip Amid Renewed U.S. Tariff Concerns and Trade Policy Uncertainty
2025-07-04 12:34:25
Main Idea
The cryptocurrency market, particularly altcoins like XRP, Solana, and Cardano, experienced a downturn due to renewed U.S. tariff concerns and the passage of Trump's 'Big, Beautiful Bill', which has added complexity to market dynamics.
Key Points
1. Altcoins such as XRP, Solana, and Cardano saw significant declines (2.8%, 2.6%, and 4% respectively) amid U.S. tariff threats and trade tensions.
2. President Trump's 'Big, Beautiful Bill' passing through Congress has further complicated the cryptocurrency market environment.
3. Market anxiety was intensified by the looming expiration of the 90-day tariff freeze on July 9, impacting global economic growth and investor confidence.
4. Bitunix analysts noted declines in Dogecoin and Hyperliquid (4% and 4.7% respectively) as part of the broader market reaction to trade policy escalation.
Description
Altcoins experience significant declines as U.S. President Donald Trump announces imminent tariff letters, reigniting trade tensions and impacting crypto markets. The renewed tariff threats coincide with the expiration of a
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