Bitcoin and Ethereum faced significant declines as tariffs imposed by President Donald Trump on Chinese goods took effect, resulting in a dip of 4.1% to approximately $76,550 for Bitcoin and 8.3% to around $1,575 for Ethereum. This decline marks Ethereum's lowest price since March 2023, with Bitcoin briefly falling below $75,000 prior to the tariffs activation, contributing to a dramatic liquidation totaling $411 million over a 24-hour period. These price movements reflect deeper market anxieties as the ongoing trade war between the U.S. and China escalates, mirroring broader financial market turmoil. Industry analyst Pav Hundal noted that the markets have endured losses exceeding $1.2 trillion since February, emphasizing a need for stability in investor sentiment amidst these swirling trade tensions. The volatility has extended to major altcoins, including significant weekly losses in Solana and Cardano, revealing widespread fear and uncertainty among investors about the future direction of the market.

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