BTC, ETH, XRP prices crash as Nasdaq, major indices plunge

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

The crypto market continues its strong downward trend as the fear and greed index slumped following Donald Trump’s “Liberation Day” speech.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin crashed by 3.5% in the last 24 hours as it approached the crucial support at $80,000. Similarly, Ethereum dropped to $1,765, while XRP fell below the key support at $2. The total market capitalization of all cryptocurrencies declined by 4% to $2.6 trillion, meaning investors have lost over $1 trillion in recent months.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Crypto prices plunged as the stock market also imploded. Thirty minutes after the opening bell, the Nasdaq index was down nearly 4.7%, the S&P 500 index was down 3.78%, and the Dow Jones Industrial was down 3.4%. These assets dropped after Trump delivered his Liberation Day tariffs that was harsher than expected.