Trump's Tariff Threat Causes Crypto Prices to Drop

Cryptocurrency prices plummeted in response to the looming trade tensions between the U.S. and its major trading partners, resulting in some digital assets plunging by over 10%. Bitcoin's value dipped below $10,000 following U.S. President Donald Trump's proposal of substantial tariffs on products from Canada, Mexico, and China. Ethereum, Dogecoin, and other cryptocurrencies similarly saw declines after Trump's weekend tariff declaration. Trump hinted at imposing import duties on the European Union and potentially the United Kingdom, cautioning Americans about the possible repercussions of the tariffs.