Crypto Market Tumbles Following Trump's Tariff Announcement and Fed Rate Concerns

2025-08-01 08:23:42

Gate News bot message, The cryptocurrency market experienced a significant decline following Trump's announcement of tariffs on 66 countries, coupled with renewed Federal Reserve rate hike concerns. Within the past 24 hours, liquidations reached approximately $636M.

Bitcoin (BTC) dropped to $115,587, recording a 2.32% decrease, while Ethereum (ETH) fell to $3,675, showing a 4.76% decline. The Fear & Greed Index stands at 65 in the Greed zone, with the total cryptocurrency market capitalization at $3.97T.

TRUMP-2.82%

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Can_tPlay.Can_tPlay.

· 08-01 08:38

Interest rates are definitely going to rise.

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