Crypto Crash: The tariff policies of US President Donald Trump have not created a stir in the stock market around the world, but have also made upheaval in the crypto market. According to the market cap, the world’s largest crypto bitcoin (Bitcoin) broke to close to $ 77000. The brightness of bitcoin was growing rapidly due to Donald Trump becoming the US President as a Crypto supporter and it had crossed 1 million dollars but now it has come down rapidly due to Trump’s tariff policies.
Bitcoin below 29% from record high
During the election campaign of the US President, Donald Trump promised to make relaxation in the rules related to crypto assets and create a strategic crypto reserve. His victory over this promise increased the brightness of bitcoin and climbed above the speed of rocket from November 2024 to January 2025. For the first time on 6 November, it crossed the 75 thousand dollars level and reached a record high of $ 1,09,114.88 on 20 January 2025. However, now Trump’s tariff policy has deepened the possibility of trade war worldwide, due to which bitcoin is broken and below record high. According to data on the coinmarketcap, it currently falls 7.23 per cent to $ 77,338.50. It was broken to $ 77,097.74 in intra-day.
The rest of the rest of the cryptocurrency is not good
Not only bitcoin, there is no crypto green of the top 10. According to the market cap, the second largest crypto ather (Ehter) has broken to close to $ 1500. Currently, it falls 14.05 per cent to $ 1,554.08. It was at a record high of $ 4,891.70 on 16 November 2021, about three years ago. Talking about Dogcoin, it is at $ 0.1418, falling 15.20 per cent.