Bitcoin Market Cap Drops Amid U.S. Tariff Concerns and Crypto Sell-Off

Bitcoin’s market capitalization has fallen to $1.825 trillion, with a dominance of 61.25%. The cryptocurrency’s trading volume surged by 144.5% to $51.42 billion, largely driven by stablecoins, which accounted for 94.16% of the volume. Investor sentiment weakened due to U.S. tariffs on Canada and Mexico, leading to significant declines in major cryptocurrencies, including a 5.4% drop in Bitcoin and a 7.7% drop in Ethereum.

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