Ether and top altcoins saw double-digit losses within an hour following U.S. President Donald Trump’s initial tariffs against imports from China, Canada, and Mexico. Ethereum fell 16% before recovering slightly, but it's still down 38% from its 2024 peak. Altcoins such as Avalanche, XRP, and Dogecoin declined over 20% in 24 hours. Bitcoin dropped nearly 6% loss, as traders sought refuge in the more stable asset.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ether and top altcoins saw double-digit losses within an hour following U.S. President Donald
00:07Trump's initial round of tariffs against imports from China, Canada and Mexico.
00:12Ethereum fell 16% before recovering slightly, but it's still down 38% for its 2024 peak.
00:18Altcoins such as Avalanche, XRP and Dogecoin declined over 20% in 24 hours.
00:25Bitcoin dropped nearly 6% as traders sought refuge in the more stable asset.
00:29For all things money, visit Benzinga.com.