The cryptocurrency market has suffered a staggering $200 billion loss within 24 hours as a result of U.S. President Donald Trump’s ongoing tariff war. According to the Crypto Today podcast, some cryptocurrencies have seen their largest single-day losses in months, with investors rapidly pulling funds due to economic uncertainty.
Altcoins and Memecoins Hit Hard
Smaller cryptocurrencies, commonly known as altcoins, have taken the biggest hit, with many plummeting by 20% or more. Memecoins such as Dogecoin and Shiba Inu have been particularly affected, while Trump’s own official token has lost 75% of its value in just two weeks.
The latest price drops include:
• Dogecoin (DOGE): Down 20.31%
• Cardano (ADA): Down 22.19%
• Chainlink (LINK): Down 16.76%
• Tron (TRX): Down 6.53%
• Avalanche (AVAX): Down 25.72%
Analysts warn that the situation could worsen before any signs of recovery emerge.
Bitcoin and Ethereum Struggle to Hold Key Levels
Bitcoin briefly fell to $91,500 before rebounding, while Ethereum dropped to $2,150. The broader economic uncertainty and investor fear are weighing heavily on the crypto market.
“The uncertainty has dampened investor sentiment, potentially delaying Bitcoin’s recovery and slowing growth in the broader crypto space,” said George Pavel, general manager at Naga.com Middle East, in an interview with LondonLovesBusiness.com.
Stock Market Impact and Institutional Momentum
The Nasdaq, which is heavily influenced by tech and crypto-related stocks, is expected to open lower on Monday, reflecting investor concerns about the long-term impact of Trump’s trade policies.
Despite the downturn, some experts remain optimistic about Bitcoin’s future. Pavel noted that institutional investment is still driving demand, particularly through BlackRock’s IBIT and Fidelity’s FBTC, which continue to fuel growth in Bitcoin exchange-traded funds (ETFs).
Will Crypto Recover?
While Trump’s tariff war has shaken the market, long-term investors are closely watching institutional movements and macroeconomic trends. If economic stability improves, crypto could see a recovery—but for now, volatility remains high, and investors should brace for further turbulence.
