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Cryptocurrency Plummets Amid Trade Tensions: Bitcoin Drops 5% as Market Faces Uncertainty

Economy Update

The cryptocurrency market experienced a downturn today, coinciding with heightened trade uncertainty following new customs tariffs imposed by U.S. President Donald Trump on China, Canada, and Mexico.

Bitcoin, the leading cryptocurrency by market capitalization, recorded a decline of 5%, trading at approximately $93,300.

In addition, Ethereum, the second-largest cryptocurrency, saw a significant drop of over 16%, reaching a value of $2,470.

As per the latest statistics, the total market capitalization of the cryptocurrency sector stands at $3 trillion.

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