
KEY POINTS
- From around $83,000 on Saturday, Bitcoin plunged to around $78,000 Sunday
- $XRP and other major altcoins, including $ETH, were also in the red overnight
- Trump's tariffs have been affecting global financial markets in recent weeks
- Crypto executives are positive things will turn around for the better soon
The cryptocurrency market is in a wild downturn, crumbling over 8% in the last 24 hours amid a broader financial market crash amid the intensifying impact of U.S. President Donald Trump's global tariffs.