It’s been a rough week for investors across the board, and nowhere is that pain more evident than in the cryptocurrency market. Ethereum has plunged by 8.3%, leading a sharp downturn among major tokens. Bitcoin hasn’t been spared either—dropping 4.1% to $76,550, its lowest point since March 2023.
The broader crypto space is reeling, mirroring the global risk-off sentiment that took hold after President Donald Trump’s latest round of tariffs on Chinese imports took effect just after midnight on Tuesday.
The selloff isn’t isolated to crypto. U.S. stock futures tumbled, and Asian markets opened significantly lower as investors reacted to the sweeping tariffs covering goods from 185 countries. The S&P 500 alone shed over $2 trillion in market capitalization within minutes, signaling just how deeply market sentiment has been shaken.
Within the crypto sector, some tokens have seen even steeper declines. Dogecoin is down 16.3%, while Solana and Cardano have taken heavy hits, falling 18% and 23.7%, respectively, over the past week.
Bitcoin briefly dipped below the $75,000 mark late Tuesday and has now lost around 30% of its value since peaking above $109,000 in January.
READ ALSO: European Stocks Tumble as Trump’s Tariffs Take Effect
According to CoinGlass, over $411 million in crypto positions were liquidated in the last 24 hours—a clear indication of the heightened volatility and uncertainty. Since February, the market has wiped out a staggering $1.2 trillion in value.
“It’s been a miserable run,” said Pav Hundal, lead market analyst at Swyftx. “Investors are operating at emotional extremes right now.”
Adding to the pressure are rising bond yields and weakening demand for U.S. government debt—factors that are amplifying investor anxiety and feeding into the broader selloff. With global trade tensions escalating and financial conditions tightening, analysts are warning of extended market instability in the weeks ahead.
This latest wave of volatility serves as a reminder that both traditional and digital markets remain highly sensitive to geopolitical developments. For crypto investors, especially, the road ahead may be rocky as macroeconomic uncertainty continues to weigh heavily on sentiment.
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