NFTBooks USD Price & Performance (NFTBSUSD)

The cryptocurrency market faced a significant downturn as new tariffs from President Trump took effect, including a 25% tariff on imports from Canada and Mexico. XRP, Bitcoin, and Ether saw steep declines, with XRP dropping 16% in a day. Investors remain cautious amid fears of tighter economic conditions.1

XRP experienced over $50 million in long position liquidations within 24 hours, signaling intense selling pressure. The cryptocurrency's price dropped to $2.32, with bulls struggling to defend the $2.20 support level. This market activity reflects broader challenges in the crypto space, including declining trader participation and weak bullish sentiment.1

Bitcoin's price dropped below the $80,000 mark amid a broader $1 trillion cryptocurrency market shock. This decline underscores ongoing volatility in digital assets, with major cryptocurrencies facing challenges due to external economic factors and shifting investor sentiment.2