Trump’s Tariffs Trigger 25% Ethereum Meltdown
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The announcement of new tariffs by President Trump sent shockwaves through global financial markets, with the cryptocurrency sector bearing the brunt of the fallout.
Ethereum (ETH) plummeted 25% in early morning trading today, marking its steepest single-day decline since 2021.
The sharp drop in ETH rippled across the broader crypto landscape, triggering massive selloffs in altcoins and memecoins as traders rushed to reduce exposure to riskier assets.
Just weeks ago, optimism had been building in the crypto community following Trump’s seemingly pro-crypto rhetoric, which had fuelled hopes for a more favourable regulatory environment.
However, the sudden escalation in trade tensions and the broader market uncertainty have quickly reversed that sentiment.
Traders are now grappling with heightened volatility and a renewed sense of caution, as concerns over global economic stability and risk-off sentiment dominate the market narrative.
Memecoins, known for their speculative nature and reliance on retail enthusiasm, saw some of the largest percentage losses, while other major altcoins like Solana and Cardano also posted double-digit declines.
The rapid unwinding of leveraged positions further intensified the downturn, as liquidations swept through the markets.
With volatility surging and investor confidence shaken, the crypto space is bracing for more turbulence in the days ahead.
Buckle up—crypto’s wild ride is far from over.
