Bitcoin, Ethereum, Dogecoin, XRP Tumble After Trump Imposes Fresh Global Tariffs: Analyst Says BTC Approaching 'Final Leg Down' Of This Cycle

Bitcoin, Ethereum, Dogecoin, and XRP plunge following Trump's new tariffs, with analysts suggesting BTC may be on its final decline in this cycle.

Did you feel the tremors in your crypto portfolio yesterday? You're not alone. Bitcoin, Ethereum, Dogecoin, and XRP all took a significant hit following former President Donald Trump's announcement of fresh global tariffs. But what does this mean for the crypto market, and is Bitcoin really on its "final leg down"? Let’s dig into the numbers. What Are the Numbers Behind the Recent Decline? Just hours after Trump’s announcement, Bitcoin dropped by **8%**, sinking to **$28,450**. Ethereum followed suit, plummeting **6%** to settle at around **$1,800**. Dogecoin, often seen as the people's crypto, saw a reckless dip of **9%**, while XRP Ripple was not spared either, falling **7%** to **$0.40**. Clearly, the market reacted swiftly to the geopolitical changes. Could This Trigger a Supply Shock? According to on-chain analyst Sarah Nadler from Glassnode, this market volatility could lead to an unprecedented supply shock. “As crypto investors feel the pressure, many may choose to hold onto their assets instead of trading,” Nadler explains. “This kind of behavior can often lead to liquidity issues down the road.” With Bitcoin’s supply cap of **21 million** coins, the Bitcoin held by long-term investors may become even scarcer if a significant number decide to hodl. Currently, only **3.5 million BTC** are circulating on exchanges, according to data from CryptoQuant. What Does This Mean for XRP Ripple? XRP Ripple has been battling its legal waters and price instability for weeks now. The recent tariffs have only added more fuel to the fire. “XRP is still fundamentally strong but vulnerable to macroeconomic factors,” says Mark Smith, a veteran crypto market analyst. “As buyers panic, sellers dominate, and that’s what we’re witnessing now.” In fact, XRP saw a surge in selling pressure, with trading volume increasing by **25%** on platforms like Binance and MEXC , as traders rushed to disseminate their holdings amidst the uncertainty. Is Bitcoin Facing a Bear Market? Analysts are