The crypto market has lost 6% of its total market cap within the last 24 hours as President Trump’s announcement of Bitcoin has fallen 6% to $81,000 within the last 24 hours following Trump's White House speech on Wednesday during which he announced a plan for sprawling new tariffs on foreign imports. Cryptocurrencies other than Bitcoin have been hit harder by the news, with Ethereum falling 7%, Solana falling 13%, and XRP falling 8%.
The overall value of the entire crypto market has tumbled $160 billion in the last 24 hours, from $2.78 trillion to $2.62 trillion.
