BTC, ETH, and XRP all took a nosedive on Tuesday—and it wasn’t just a crypto problem. Stocks crashed too, right after Trump’s fiery “Liberation Day” speech, where he rolled out a wave of aggressive new tariffs.

Bitcoin Nears $80K, XRP Breaks $2

Here’s how bad it got:

• Bitcoin dropped 3.5%, inching closer to $80,000 support
  
• Ethereum slipped 2.71% to $1,765
  
• XRP fell 1.35%, breaking below $2
  

Overall, crypto’s total market cap is now $2.6 trillion, down another 4%, and over $1 trillion has been wiped out in recent months.

Wall Street Bloodbath Didn’t Help

Right after the opening bell, U.S. stocks went straight into panic mode:

• Nasdaq: down 4.7%
  
• S&P 500: down 3.78%
  
• Dow: down 3.4%
  

Why? Trump’s tariffs came in way harsher than expected:

• 10% minimum on all imports
  
• 34% on Chinese goods
  
• 24% on EU exports
  
• 25% on metals and parts
  

Now, traders are screaming “recession,” and Polymarket shows odds of a 2025 recession at record highs.

“This isn’t just a stagflation scare—this could cause a recession,” said an analyst at TS Lombard.

Will the Fed Step In Again?

Crypto and stocks usually crash first and recover later, once the Fed steps in. Think:

• 2008: Global meltdown → Fed intervention → decade-long rally
  
• 2020: COVID panic → rate cuts → monster recovery
  

If the economy slows down fast, we might see rate cuts sooner than expected—and even bailouts in key sectors. That kind of liquidity could give crypto the bounce it desperately needs.