Ethereum dropped by 4.1% to about 2,550 USD, while XRP fell around 3.6% to 2.35 USD. Dogecoin also decreased by 3.6% to 0.23 USD, along with a minor dip in Solana.
President Trump’s announcement of potential tariffs of 50% on EU goods and 25% on iPhones manufactured outside the U.S. Has negatively affected market sentiments, leading to declines among altcoins.
As investors turned to gold amid falling Treasury yields, Bitcoin dropped 2.7% to 108,500 USD, retreating from its recent peak of 111,800 USD, reflecting a flight to safer assets.
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