• A massive crypto market crash, $1.35 billion was lost from the crypto market in one day.
  • Bitcoin and other big coins dropped a lot in price.
  • New tariffs and fear of higher interest rates caused panic in the market.

The cryptocurrency market has crashed over the last 24 hours. Approximately $1.35 billion has been washed out as prices plunged rapidly. The global crypto market is valued at $2.49 trillion now, which is a 11.4 percent decrease from yesterday.

Top Cryptos Drop Sharply

Bitcoin dropped to $75,000, while Ethereum is currently at $1,480. Other top coins also declined. XRP dropped to $1.68, while Solana is currently at $98.

This global crash is attributed to new global tariffs made by the previous US President Donald Trump. Other nations such as China and the European Union are set to impose their own tariffs as a reaction. China’s share market began with deep losses, which put an extra strain on it. All markets react to this world tension.

Investors are spooked. The Fear and Greed Index is at 17 now, indicating extreme fear in the markets. That typically results in panic and selling.

Will Interest Rate Cuts Help?

Most folks currently anticipate that central banks will slash interest rates to soothe things. If the rate cuts do occur, then they may shore up the markets. But for now, prices are declining quickly, and everyone is uncertain as to what may occur next.

Briefly, the market lost $1.35 billion in one day, and major cryptocurrencies are all in decline. The cause is fear of new tariffs and poor economic conditions globally. Everyone is waiting to see if world leaders will negotiate to de-escalate tensions or the situation becomes worse.

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