Crypto market took a beating on Tuesday with certain top tokens including Bitcoin, Ethereum, Cardano, Solana and other crashing as much as 28 per cent in the last 24 hours.

But as of this writing, Bitcoin's price has retreated more than 20% to about $84,000. That decline can be largely attributed to the Trump administration's plans to impose or raise tariffs, which are stoking fears of higher inflation and elevated interest rates.

Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin trading around $81,000—more than a quarter off its January peak.

Donald Trump announces a US Crypto Reserve, triggering a market rally. Bitcoin and Ethereum rebound after recent losses, but on-chain data signals mixed trends—what’s next for the crypto market?

Bitcoin dropped below $90k this week amid macroeconomic concerns. Story Protocol’s IP token defied the trend, posting double-digit gains.

Bitcoin plunged in early trading Friday and while it recovered a bit, the cryptocurrency is still down 20% from its peak.

Bitcoin tumbled below $84,000 on Wednesday, sliding more than 5% in the past 24 hours, as U.S. President Donald Trump announced plans to impose a 25% tariff on the European Union.

The crypto market tumbled as Trump reaffirmed tariffs on Mexico and Canada, sparking investor anxiety, with Bitcoin slipping below $92,000.