Trump, who had previously been critical of crypto, won over the industry during the presidential campaign when he promised to make the USA the entire planet's crypto hub.
For a brief moment, it seemed as though the crypto market would resist the new tariff policy from the USA. But now the president's tariffs have also affected the cryptocurrencies.
Bitcoin fell on Monday below 75,000 dollars, for the first time since November 7 last year.
The total value of the crypto market fell by 12 percent, to approximately the same level as at Trump's election victory. Ether simultaneously fell to the lowest level since March 2023.
