Cryptocurrency Market Plunges Amid US Tariff Uncertainty

The global cryptocurrency market has experienced a significant decline following fresh uncertainty over United States trade policy. This shift in macroeconomic conditions has led to a sharp drop in Bitcoin's value, falling as low as $64,300.

According to experts, the crypto market remains fragile and vulnerable to changes in the global economy. A mix of geopolitical tensions and rapidly changing US trade policies could push prices toward the $60,000 level again.

The sell-off has resulted in a loss of around $100 billion in value within 24 hours. Derivatives exchange Deribit reported that traders are heavily positioned for downside protection at the $60,000 price level.