Strips Finance USD Price & Performance (STRPUSD)

The cryptocurrency market saw significant declines after President Trump’s tariffs on Canada, Mexico, and China took effect. XRP dropped 16% to $2.32, leading liquidations worth $58 million. Market analysts highlight the importance of XRP holding above $2.20 to prevent further declines toward $1.55. Broader market sentiment remains cautious.123

U.S. stock markets experienced mixed outcomes, with the Nasdaq falling 1.3% due to tech stock losses, including Nvidia and Tesla. Consumer confidence plunged to its lowest point in nearly four years, fueling recession concerns. Meanwhile, Bitcoin dipped below $86,000 before recovering slightly to $88,000, reflecting broader market uncertainty.425

President Trump’s announcement of a U.S. crypto reserve, including Bitcoin, Ethereum, and XRP, boosted cryptocurrency markets. Bitcoin rose to $93,000, while XRP surged 16%. This move is seen as a step to strengthen U.S. dominance in digital assets, though the market remains wary of regulatory and economic challenges.136