Global Tariffs Send Bitcoin Plummeting Amid Pepeto Presale Gains

The recent announcement by President Trump to increase global tariffs to 15 percent has had a significant impact on the cryptocurrency market, with Bitcoin experiencing a substantial drop in value.

According to data from CoinDesk, the price of Bitcoin plummeted from $67,600 to around $64,200 in under two hours, resulting in over $470 million in liquidated positions. This sudden change has caused concern among investors and market analysts.

Despite the market downturn, a cryptocurrency presale called Pepeto is gaining traction. The presale has raised over $7.258 million and boasts three working demos for trading infrastructure. These demos include cross-chain meme trading, token transfer between networks, and a zero-fee decentralized exchange.