Cryptocurrency Market Experiences Decline Amid Trade Uncertainty
The cryptocurrency market faced further declines on Monday, attributed to heightened trade uncertainty following the new tariffs imposed by U.S. President Donald Trump on China, Canada, and Mexico.
Market Overview
Bitcoin, the leading cryptocurrency by market capitalization, saw a decrease of 5%, trading at approximately $93,300. Meanwhile, Ethereum experienced a more significant drop of over 16%, with its price settling at $2,470.
Current Market Capitalization
Recent data indicates that the total market value of the cryptocurrency sector has reached $3 trillion, showcasing the ongoing volatility and sensitivity of this asset class in light of international trade developments.
