The crypto market took a big drop again, with top coins losing value fast. XRP fell almost 17% to $2.34, and Bitcoin went below $84,000. The total crypto market cap is now $2.77 trillion, down 9.74% in a day. Ethereum lost 14.63%, Solana dropped 19%, and Cardano crashed 25%, making the sell-off worse.
The crypto market is hurting as people keep selling off fast. XRP’s 24-hour trading volume hit $14.52 billion, up 24.19%, showing panic selling, with a market cap of $135.61 billion. The market’s slide comes as investors get unsure, especially with regular markets shaky too.
On top of that, President Donald Trump said new tariffs on Canada, Mexico, and China are now on. From the White House, he said talks are done, setting 25% tariffs on Canadian and Mexican goods and 20% on Chinese stuff. Canada hit back with a 25% tariff on U.S. goods.
Wall Street got hit hard right away. The Dow Jones fell 650 points (1.5%), the Nasdaq dropped nearly 500 points (2.64%), and the S&P 500 lost 1.76%.
In crypto, over $800 million in leveraged trades got wiped out. Crypto stocks like Coinbase (COIN) fell 4.58%, and Robinhood (HOOD) dropped 6.41%, but MicroStrategy (MSTR) only lost 1.77%.
Analysts say Bitcoin might fall below $80,000 soon due to a futures gap and scared investors. With Trump’s trade rules starting and uncertainty growing, things are shaky.
As people prepare for more ups and downs, crypto and stock traders are being careful. With global tensions up and the economy unclear, everyone’s watching if Bitcoin and other coins can steady or if more losses are ahead.
Also Read: Cardano (ADA) Price Drops 23% to $0.81 in 24 Hours
