Bitcoin Price Tumbles on Trump Tariffs; Crypto Market Cap Down $1 Trillion

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  • The crypto market has lost more than $1 trillion in value since its December peak.
  • Uncertainty around tariff policy has overshadowed the bullishness generated by Trump’s pro-crypto plans.
  • Bitcoin tipped into a bear market this week, down as much as 28% from its January record high.

A sell-off that dragged bitcoin into a bear market this week accelerated on Friday after tariff fears started overshadowing President Donald Trump’s bullish agenda for the space.

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