Cryptocurrencies such as Bitcoin and Ethereum are currently witnessing substantial drops in value attributed to increased global risk sentiment triggered by recent US tariff declarations from President Trump. Bitcoin has plummeted below $75,000, with Ethereum experiencing an 18.4% decline. The overall market capitalization of cryptocurrencies has contracted by 8.59% to $2.44 trillion, as apprehensions of an impending economic downturn and anticipations of speculative interest rate reductions persist.