The Collapse of the Cryptocurrency Market: No Bitcoin in Trump's Customs Statement

President Donald Trump delivered an important speech at the White House, announcing new tariffs on imports from 50 countries, including BRICS and the European Union. Dubbed the “economic independence declaration,” this move aims to oppose what Trump describes as unfair trade practices. But for cryptocurrency investors who are hanging on his every word—there was nothing. Not a word was mentioned about Bitcoin, blockchain, or digital asset. The silence is deafening. Within minutes, the cryptocurrency market went into panic. Bitcoin (BTC) plummeted from $88,000 to $85,000 in an astonishing drop of $3,000 in just 10 minutes. As traders tried to understand why Trump missed it, BTC stabilized slightly at $84,800. Ethereum (ETH) was also affected, sliding down to $1,845, while the cryptocurrency market as a whole began to nosedive.

XRP has returned to test the support level of 2 dollars and Bnb has lost the price level of 600 dollars. Sol is also in the red zone. It has dropped a few percent and is currently below the level of 125 dollars. In fact, all major cryptocurrencies started to decline after Trump began his speech and are now sinking in the water. The half-hour speech covered topics such as inflation, energy, and the recovery of U.S. manufacturing, in line with Trump’s commitment to boosting the economy. However, it is notable that there was no mention of cryptocurrency, despite earlier speculation that Trump might address the issue of digital assets. This omission comes after the campaign promised to turn the U.S. into the “crypto capital,” leaving cryptocurrency supporters to closely monitor policy signals.