NFTrade USD Price & Performance (NFTDUSD)

Cryptocurrency markets witnessed significant declines, with XRP leading the downturn, dropping 16% to $2.32. The plunge coincided with U.S. tariffs on imports from Canada, Mexico, and China taking effect. Bitcoin and Ether also faced double-digit losses. Analysts suggest market sentiment shifted as investors reassessed risks under these new economic pressures.12

XRP experienced a sharp price drop, leading to over $50 million in long positions being liquidated within 24 hours. The cryptocurrency's price fell to $2.32, with traders forced to exit positions. This liquidation wave reflects broader market challenges, as technical indicators suggest further potential declines if key support levels are breached.1

The cryptocurrency sector suffered a $1 trillion market value loss, with Bitcoin falling below $80,000. XRP and other major tokens mirrored the downturn, driven by external economic factors like new tariffs. This correction highlights ongoing volatility in digital assets, as investors navigate uncertain macroeconomic conditions.12