Crypto Market Plunges Nearly 6% as Trump’s Tariffs and Fed Policy Shake Investor Confidence
August 2, 2025 · 3:00 AM
On August 1, the global crypto market experienced a significant decline, dropping nearly 6% within 24 hours. This downturn was driven by negative investor sentiment due to rising U.S.–China trade tensions and uncertainty surrounding Federal Reserve policy. The sell-off resulted in billions being wiped from crypto valuations, with Bitcoin's price falling to $114,322.
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