Cryptocurrency Market Under Pressure as Bitcoin and Ethereum Prices Decline
Market Overview
The cryptocurrency market has experienced a drastic fall over two consecutive days. Reports indicate that this downturn is linked to President Donald Trump's recent decision to impose 100% tariffs on China.
Market Capitalization
As of Sunday, the total market capitalization of the crypto market has plummeted to $3.7 trillion, a significant decrease from a historic high of $4 trillion just last week. Currently, the trading volume stands at $250.02 billion, as reported by CoinMarketCap.
Conclusion on Market Trends
With these developments, it's clear that external factors such as tariffs are influencing the cryptocurrency landscape, causing fluctuations in prominent assets like Bitcoin and Ethereum.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.