Crypto Enters Fear Zone Amid Bloodbath as U.S. Imposes 100% Tariffs on China

The crypto market has recently gone through a noteworthy bloodbath due to the U.S. President’s declaration of 100% tariffs on China. Hence, the crypto market capitalization has touched $3.73T after a massive 9.66% drop. However, the 24-hour crypto volume has witnessed a 133.26% rise over the past 24 hours, reaching $485.38B. At the same time, the Crypto Fear & Greed Index has entered the “Fear,” sitting at 35 points.

Bitcoin Drops by 7.67% and Ethereum Sees 13.29% Dip

Particularly, the price of Bitcoin ($BTC) has touched the low level of $112,173.05 following a huge 7.67% dip. In addition to this, its market dominance is 60.0%. In the same vein, Ethereum is now changing hands at $3,780.39. This denotes a sheer 13.29% decrease while the leading altcoin has a market dominance of 12.2%.

$AXOME, $COG, and $XBTC Dominate Crypto Gainers

Apart from that, the prominent crypto gainers include Aolotl Token ($AXOME), CogniToken ($COG), and XenBitcoin ($XBTC). Specifically, $AXOME has risen by a staggering 4513.26% to reach $0.001500. Following that, $COG is trading at $1.98, indicating a 1054.06% increase. Subsequently, with a 970.35% surge, $XBTC’s current price is $2,443.61.

DeFi TVL Records 11.29% Plunge While NFT Sales Volume Surges by 6.90%

Simultaneously, the DeFi TVL has slumped by 11.29% to attain the $147.481B mark. Additionally, the top DeFi project in terms of TVL, Aave , has experienced a 13.73% dip to reach $37.228B. However, when it comes to 1-day TVL change, zkBoost occupies the top position in the DeFi market, claiming a 232372% spike over twenty-four hours.

Along with that, the NFT sales volume has also jumped by 6.90%, claiming the $25,389,764 spot. Even then, the top-selling NFT collection, Pharaoh V3 Non Fungible Position, has dropped by 4.43% to reach $2,911,234.

Trump’s China Tariffs Trigger $16B Liquidations as Aster DEX Halts Airdrop

Moving on, the crypto market has also witnessed many impactful developments over 24 hours. In this respect, the 100% tariffs imposed by Trump have resulted in the liquidations of $16B in overall leveraged crypto long positions.

Moreover, Dynamite Blockchain has acquired 10M $mPWR tokens as a part of a strategic asset contract. Furthermore, Aster DEX has officially suspended airdrop due to a backlash triggered by allocation discrepancies.