Global Tariffs Weigh on Crypto Markets Amid Trade Uncertainty

The global economy has been impacted by the recent increase in tariffs to 15% announced by President Donald Trump. This decision has led to a decline in risk assets, including cryptocurrencies.

Bitcoin's value has fallen to around $67,500, down approximately 1.4% over the past 24 hours and 2.1% on the week. The cryptocurrency market is highly sensitive to trade tensions and uncertainty surrounding tariffs, which are affecting investor sentiment.

Othe major cryptocurrencies have also seen losses, with Ethereum (ETH) declining by 1.8%, XRP falling by 4.4%, Solana dropping by 3.8%, Dogecoin shedding nearly 5% and Cardano declining by 4.3%. BNB eased 2.3% in value.

The uncertainty surrounding trade policy is causing crypto markets to move with broader macro headlines, rather than on purely crypto-native catalysts. As long as tariff policy remains contested, digital assets are likely to be influenced by external factors.