Ethereum and Solana prices collapsed as the crypto market experienced a significant downturn following President Trump's announcement of new tariffs. Ethereum saw a drop of 16.4%, trading at $1,485, while Solana plummeted by 15.4%, reaching a low of $96.70 before stabilizing. This market selloff was exacerbated by overall bearish sentiment in global equities, with the S&P 500 and Nasdaq futures also showing steep declines. Market experts highlighted that traders are offloading risk amid mounting uncertainties related to trade wars, which intensified concerns about a potential U.S. recession. Analysts emphasize that current trading activities appear to be driven by profit-taking in response to escalating macroeconomic tensions. The situation remains fluid, with a significant number of investors displaying low bullish sentiment, reflecting broader apprehensions over economic stability.

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