Trump Trade Threats Trigger Crypto Selloff: Ethereum (ETH), Solana (SOL), Cardano (ADA) Plunge 5% Amid Bond Market Fears

Major cryptocurrencies, including Ethereum (ETH), Solana (SOL), and Cardano (ADA), experienced sharp declines of approximately 5% as market sentiment turned risk-averse. The selloff was primarily sparked by former President Donald Trump's renewed threats of imposing significant tariffs on trading partners, raising concerns about global economic stability and inflationary pressures. Concurrently, a selloff in the U.S. Treasury bond market pushed yields higher, intensifying the flight from riskier assets like cryptocurrencies. This combination of geopolitical uncertainty and macroeconomic pressures led investors to reduce exposure to altcoins and seek safer havens. Analysts note that such reactions highlight crypto's ongoing sensitivity to traditional financial market volatility and political headlines. The broader crypto market cap dipped alongside the leading altcoins, signaling a sector-wide risk-off move.