Bitcoin, Ethereum, and major cryptocurrencies plunge as US tariff plans fuel recession fears
Cryptocurrencies, including Bitcoin and Ethereum, are experiencing significant declines due to heightened global risk sentiment following new US tariff announcements by President Trump. Bitcoin fell below $75,000, while Ethereum dropped 18.4%. The market cap of cryptocurrencies shrank by 8.59% to $2.44 trillion, amid fears of a potential recession and speculative interest rate cuts.