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Crypto markets took a sharp hit this week after President Trump unveiled sweeping “Liberation Day” tariffs, triggering a wave of risk-off sentiment across global financial markets.
The policy imposed a baseline 10% tax on most imports—with some countries, like China, facing levies over 50%—and has fueled growing fears of a global trade war.
Bitcoin fell below $82k, while other majors like ETH and SOL dropped over 10% and 16% respectively this week. Stocks also fared poorly, with the S&P 500 posting its worst single-day loss since 2020. Major crypto-exposed equities like Coinbase and MicroStrategy saw steep drawdowns, too.
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