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International Business Times
International Business Times
Business
Marvie Basilan

Trump China Tariffs Hit Crypto Hard: $BTC At $75K, $ETH Below $1,500, $XRP At $1.77

Donald Trump Crypto Elon Musk Grok China Bitcoin Elon Musk United States Cryptocurrency Ethereum
Bitcoin and all other major altcoins are in the red following Trump's new tariffs on Chinese goods. (Credit: Art Rachen/ Unsplash)

KEY POINTS

  • Bitcoin and all major altcoins were in the deep red late Tuesday as news of Trump's new tariffs spread
  • $BTC is down 6% in the day, Ethereum plunged over 10%, $XRP bled 7.6% overnight
  • Elon Musk's Grok said that even if he could tell the tech titan to nudge Trump about tariffs, volatility is hard to fix

U.S. President Donald Trump's tariffs on Chinese goods have once again crashed the cryptocurrency market, but this time, the blow is much harder than the past weeks as unshakeable Bitcoin plunged to $75,000 Tuesday night.

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