Crypto Market Alert: Bitcoin, Dogecoin, and More React to Trump's New Tariffs

Cryptocurrency Market Reacts to Tariffs

Over the weekend, President Trump announced new tariffs on imports from the U.S.’s top trading partners—Canada, Mexico, and potentially China—which has triggered a significant decline in the cryptocurrency market. The market has grown highly reactive to Trump's actions, with many cryptocurrencies experiencing double-digit percentage drops in just 24 hours.

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Bitcoin's Downward Trend

Following the tariff announcement, Bitcoin has fallen below $95,000, continuing its downward trend. Currently, it is trading at $94,869, marking a weekly decline of over 5%. This volatility has unsettled the broader crypto market, leading to significant declines across major cryptocurrencies.

Illustration: Alvaro Fernandez Echeverria (Getty Images)

Ether's Struggles

Ether, the second-largest cryptocurrency by market cap, is faring even worse, currently trading at $2,568, representing a 17% decline over the week.

Illustration: Alvaro Fernandez Echeverria (Getty Images)

Solana and Dogecoin Under Pressure

Solana, a key competitor to Ethereum, is also on a downward trajectory, trading at $194, down 16% since last week.

Dogecoin, the popular memecoin, is sliding in response to Trump's latest remarks, currently trading at $0.25, down more than 21% over the past week.

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Mantra's Positive Momentum

In contrast, Mantra, a blockchain network for tokenizing real-world assets, is seeing growth. Its native token OM is trading at $5.24, reflecting a 13% increase in just one week. Recently, Mantra entered a significant $1 billion agreement with DAMAC Group to tokenize assets in the UAE.

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