The crypto market crash has wiped out around $500 billion in just 24 hours, following Trump’s tariff announcement.
Major cryptocurrencies like XRPClick here for more Details, Cardano (ADA), and Solana (SOL) suffered double-digit losses after their recent rallies.
According to data from ICN.live charts, the market reacted negatively as investors pulled back. XRP dropped 15.41%, erasing its previous gains tied to Trump’s proposal to include it in the US reserve. Similarly, ADA and SOL fell by 21.06% and 17.45%, respectively. ADA, which had surged above $1, is now below $0.80, while SOL dropped from $177 to $135.
Bitcoin and Ethereum Follow the Downtrend
The crypto market crash also impacted Bitcoin and Ethereum significantly. Bitcoin, which had recently surged past $94,000, dropped nearly 10% to trade around $83,700. Ethereum, the second-largest cryptocurrency, declined by 15%, while several lower-cap altcoins recorded even steeper losses.
The total crypto market capitalization has shrunk by over 12% within a day, raising concerns over market stability. Traders who had previously bet on bullish momentum amid TrumpClick here for more Details’s crypto-friendly stance are now reconsidering their positions.
Market Sentiment Shifts as Uncertainty Grows
This crypto market crash highlights how sensitive the industry remains to political and economic developments. While Trump’s proposal to include crypto in the US reserve initially fueled optimism, the tariff-related uncertainty has triggered a sharp reversal. Investors remain cautious as volatility increases, awaiting further policy clarity.
With Bitcoin struggling to maintain support above $83,000 and Ethereum facing increased selling pressure, the coming days will be crucial in determining whether the market can stabilize or if further declines are imminent.
The crypto market crash highlights the industry’s sensitivity to political decisions. With $500 billion wiped out, Bitcoin, Ethereum, and altcoins face uncertainty. Investors remain cautious, watching for stability signals. If confidence rebounds, recovery is possible—but further volatility could deepen losses. The coming days will determine the market’s next move.