Crypto market sells off as baseline tariffs proceed as planned, without delay or pause. As of now, $BTC is trading at $78,391 and $ETH is trading at $1,580. Bitcoin dominance stands at 63.25%.
Trump announced that tariffs will proceed as planned. He stated, "We won’t make a deal with China unless the trade deficit is resolved. The U.S. deficits with China and the EU can only be fixed with tariffs. I don't want anything to go down, but sometimes you have to take medicine to fix something." As of now, S&P 500 and Nasdaq futures are down more than 5%.
This week’s calendar includes reciprocal tariffs going into effect on Wednesday, US CPI on Thursday, and Michigan 5-Year Inflation Expectations on Friday.
Over the past 24 hours, the top three gainers were $KAVA, $VENOM, and $OKB, while the top three losers were $BERA, $SPX, and $BRETT.
