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President Donald Trump delivered a major speech at the White House, announcing new tariffs on imports from 50 nations, including BRICS and the European Union.
Dubbed the “Declaration of Economic Independence,” the move aims to counter what Trump described as unfair trade practices. But for crypto investors hanging on his every word—there was nothing. Not a single mention of Bitcoin, blockchain, or digital assets.
The silence was deafening. Within minutes, the crypto market panicked. Bitcoin (BTC) plunged from $88,000 to $85,000 in a stunning $3,000 drop over just 10 minutes. As traders scrambled to make sense of Trump’s omission, BTC stabilized slightly at $84,800. Ethereum (ETH) also took a hit, sliding to $1,845, while the overall crypto market began to take a nosedive.
XRP is back to testing its $2 support and Bnb has lost its $600 price. Sol is also in red. It has dropped a few percent and is now below the $125 mark. In fact all the major crypto currencies began to slide after Trump started the speech and are now under the waters.
The half-hour address covered themes of inflation, energy, and restoring American manufacturing, aligning with Trump’s pledge to boost the economy. Conspicuously absent, however, was any mention of cryptocurrencies, despite earlier speculation that Trump might address digital assets. The omission comes after campaign promises to make the U.S. a “crypto capital,” leaving crypto advocates watching closely for policy signals.
Also Read: Trump’s Liberation Day Tariff Live: Impact on Crypto Market
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