President Donald Trump’s tariff bombshell retaliated. Bitcoin took the worst hit.

The popular US crypto is nose-driving towards $90,000. Ethereum follows.

President Donald Trump's tariff bombshell had a devastating impact on Bitcoin and Ethereum prices Monday.

Bitcoin took the worst hit, plummeting to a three-week low of $91,441.89.

Ethereum followed suit, experiencing a 24% loss and trading in the US at $2,494.33.

After announcing a 25% tariff increase on imports from Canada and Mexico over the long weekend, Trump also revealed another 10% tariff increase on Chinese goods.

The total net worth of US trading with these three countries amounted to $1.6 trillion, with China being the majority partner in the الثلاثي.

Susceptible Investor SentimentsBitcoin prices dropped 3.89% in the last 24 hours, marking the worst fall since early September for the flagship cryptocurrency.

However, hopes are high among investors that the path to recovery will not be far away.

Bitcoin prices are projected to reach $106,000 if the projections were to be true after experiencing a drop to $83,026 from the initial support range.

At the same time, the strong relative strength index of 36.74 showed that BTC is almost experiencing an oversold status, but this plan B woodwork is considering any further weakening in the market sentiments.

Ethereum Is Slighty Better OffETH is making breaking news in the crypto world now as the popular flagship crypto platform is testing the anticipated .236 Fibonacci retracement level.

If it works, we could see Ethereum trading at $2,609 as buyers are already stepping in and the crypto is showing enigmatic signs of being bullish again.

There is also a possibility of seeing Ethereum closing above $2609 if the current price trend holds, and in the last one hour, we saw the highest price fall observed being 18%, so the market is still volatile beyond doubt.

We could also anticipate a steeper dip if the price stays above $2620 at least, and there is a high hope that it will reach around the 0.382 Fib line at $2692.

The only thing that could be in its way is the sell-off trend. If this strength does not stop soon, ETH will fail to hold above $2150, which means we could expect a steeper drop to $2000 or even worse $1750.