XRP, SOL prices tank as over $2b wiped from crypto
XRP, SOL prices tank as over $2b wiped from crypto market after tariffs announced by Trump
The crypto market has plunged into the fear zone of the crypto fear and greed index, sliding to sentiment levels last seen in October 2024.
A mix of fresh U.S. tariffs, weak liquidity, and panic selling wiped over $2 billion from the market in the last 24 hours, according to data from Coinglass. Amid the chaos, Bitcoin BTC-4.42%Bitcoin price dropped nearly 6% to around $91,200 before bouncing back slightly, but altcoins took an even harder hit. Sell-off: another typical weak Monday driven by low liquidity and CTAs chasing – Asia market these days can’t take any negative news nor apply independent thinking.
The tariffs won’t lead to much productivity shock or inflation shock for the U.S. – market will recover soon.
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