# Tariffs Send Crypto Prices into 'Trump Slump'

*Author: Bankless*
*Published: Mar 4, 2025*
*Source: https://www.bankless.com/read/tarriffs-send-crypto-prices-into-trump-slump*

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Bitcoin and ether experience a significant drop, losing over 10% as Trump's tariffs take effect, causing a notable downturn in the crypto market.

## **What’s the Scoop?**
- **Market Reaction**: Bitcoin and Ether each dropped by more than 10% following the imposition of the new tariffs by the Trump administration.
- **Immediate Impact**: The tariffs have injected volatility into the market, wiping billions off cryptocurrency valuations in a matter of hours.
- **Market Sentiment**: Investors are recalibrating risk profiles amid uncertainty, resulting in a pullback from crypto assets.