The crypto market today has taken a notable hit, following the trade tensions from Trump's tariffs and inflation fears.
The cryptocurrency market has encountered a setback today, with notable traders taking a hit amid trade tensions from Trump’s tariffs and inflation fears. The impact was particularly significant, leading to liquidations of over $500 million. In the traditional stock market, the S&P 500 saw a $2 trillion wipeout in just 15 minutes.
The Fear & Greed Index has dropped to a fearful score of 24, reflecting the market's shift toward negativity. However, on a positive note, the U.S. has passed the STABLE ACT, which could encourage American Banks to explore stablecoin use.
Bitcoin price slid by 0.89% to $83,539.01 on the daily charts. BTC saw an 86.71% surge in trading volume to $53.42 billion.
Among the top gainers, Story IP saw the most significant price increase, surging by 7.43% in the past 24 hours.
The post Bitcoin Price Today: Fear & Greed Index Drops to 24 as Trump’s Tariffs Hit Hard appeared first on Benzinga.
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