Bitcoin see-saws around $68,000, DOGE, ETH slide as tariff uncertainty weighs on risk assets

AI Summary4 min read

TL;DR

Bitcoin fell to around $67,500 as renewed U.S.-China trade tensions and tariff uncertainty weighed on risk assets. Major cryptocurrencies like ETH, DOGE, and XRP also declined, with crypto markets moving in line with broader macro headlines rather than crypto-specific catalysts.

Key Takeaways

  • Bitcoin dropped to ~$67,500, extending weekly losses amid trade tensions and tariff uncertainty.
  • Major altcoins (ETH, XRP, SOL, DOGE, ADA, BNB) also declined broadly, with DOGE down ~5% daily.
  • President Trump raised global tariffs to 15% despite a Supreme Court ruling, keeping pressure on trade partners.
  • Crypto markets remain tightly linked to macro headlines and risk sentiment rather than crypto-native factors.
  • XRP saw ~$1.93B in weekly realized losses, signaling panic selling that historically can mark market bottoms.
Hands rest on the keyboard of a laptop showing trading graphs, data. (Kanchanara / Unsplash modified by CoinDesk)

What to know:

  • Bitcoin fell to about $67,500, extending weekly losses as renewed trade tensions and legal uncertainty over U.S. tariffs weighed on risk assets.
  • President Donald Trump raised the global tariff rate to 15 percent despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
  • Major cryptocurrencies, including Ether, XRP, Solana, Dogecoin, Cardano and BNB, also declined as digital assets continued to trade in line with broader macro and trade headlines.
  • Bitcoin fell to about $67,500, extending weekly losses as renewed trade tensions and legal uncertainty over U.S. tariffs weighed on risk assets.
  • President Donald Trump raised the global tariff rate to 15 percent despite a Supreme Court ruling against earlier emergency trade measures, keeping pressure on China and other partners.
  • Major cryptocurrencies, including Ether, XRP, Solana, Dogecoin, Cardano and BNB, also declined as digital assets continued to trade in line with broader macro and trade headlines.

Bitcoin slid back toward $67,000 in Sunday trading as trade uncertainty resurfaced, with investors weighing fresh tariff escalation against a shifting legal backdrop in the U.S.

BTC was trading around $67,526, down about 1.4% over the past 24 hours and roughly 2.1% on the week. The move follows President Donald Trump’s decision to raise the worldwide tariff rate to 15% from 10%, despite a recent Supreme Court ruling that invalidated earlier emergency trade measures.

(CoinGecko)

The court’s decision had briefly appeared to limit Washington’s ability to deploy sweeping tariffs ahead of Trump’s planned March 31 visit to Beijing. Instead, the administration responded by lifting the global rate, keeping pressure on trade partners even as the legal footing remains contested.

China now faces the same 15% levy applied to U.S. allies, with that rate set against a 150-day window. Markets are left navigating both escalation and ambiguity, a combination that tends to dampen appetite for risk.

Losses were broad acorss crypto majors. Ether slipped 1.8% to $1,951 and is down 2.5% over the past week. XRP fell 4.4% on the day and 8.4% across seven days to $1.39. Solana dropped 3.8% in 24 hours to $83.25, while Dogecoin shed nearly 5% on the day and more than 11% on the week. Cardano declined 4.3%, and BNB eased 2.3%.

Trade friction is not confined to Asia. European lawmakers are signaling hesitation over advancing the so-called Turnberry Agreement, saying they want clearer commitments from Washington on trade policy before moving forward.

For now, crypto remains tightly linked to macro headlines. Until tariff policy finds firmer footing, digital assets are likely to move with broader risk sentiment rather than on purely crypto-native catalysts.

  • XRP has recorded about $1.93 billion in weekly realized losses, its largest spike since 2022, signaling intense panic selling.
  • Historically, similar capitulation events have marked market bottoms, as coins move from short-term traders to longer-term holders and create a more stable price base.
  • While this loss spike raises the odds that sellers are exhausted, any durable rebound will depend on improving demand and easing sell pressure amid ongoing macro and regulatory uncertainty.

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