Cryptocurrency Market Plunges Amid Global Tariff Announcement

Cryptocurrencies have experienced significant losses following President Donald Trump's announcement of a 15% global tariff on US imports. The move has had far-reaching implications for financial markets worldwide.

According to data from various sources, Bitcoin (BTC) dropped by 4.43%, while Ethereum (ETH) fell by 5.31%. Dogecoin (DOGE) and XRP both recorded sharp declines, with losses of 6.33% and 6.63% respectively.

Experts have pointed to the technical patterns on cryptocurrency charts as a potential signal for further market volatility. Analyst Ali Martinez has identified a 'death cross' pattern that could indicate a major sell-off or sustained bearish trend in the coming weeks.