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Bitcoin Stumbles Below $109K as Trump Tariff Rumors Rattle Markets—Altcoins Fight Back

Bitcoin Stumbles Below $109K as Trump Tariff Rumors Rattle Markets—Altcoins Fight Back

CryptotimesIO
Release Time:
2025-05-23 14:37:09
0

Bitcoin’s bull run hit a speed bump overnight, dipping under $109K as traders reacted to whispers of a new Trump-era tariff plan. Meanwhile, altcoins are staging a defiant rally—because nothing unites a market like a common enemy.

The crypto rollercoaster continues: just when institutions thought they’d tamed volatility, politics yanks the leash. Classic Wall Street, always late to the party but first to complain about the hangover.

Bitcoin Price Dips 3% — Source Coinmarketcap

Bitcoin Price Dips 3% — Source: CoinMarketCap

As Bitcoin dips 3%, altcoins have displayed mixed results, with ethereum (ETH) falling  4% to $2,532 while XRP seeing a 3% drop to $2.3 price mark. Other altcoins like BNB ($668) and Solana ($179) relatively held steady movement, while Dogecoin ($0.2342) showed slight resilience.

Trending Crypto Today

  • SOL (Solana)
  • PEPE (Pepe)
  • XRP (XRP)
  • SOON (SOON)
  • FET (Artificial Superintelligence Alliance)

Top Gainers Today

  • FORM (Four): +12%
  • BGB (Bitget Token): +7%
  • BONK (BONK): +7%
  • HYPE (Hyperliquid): +5%
  • PEPE (Pepe): +5%

Top Losers Today

  • TRUMP (Official Trump): -15%
  • PI (Pi Coin): -6%
  • LDO (Lido DAO): -6%
  • S (Sonic): -5%
  • TAO (Bittensor): -5%

As per CoinMarketCap data, the global crypto market cap today sits at $3.43 trillion in valuation, with a 24 hour trading volume of $171.3 billion. 

Also read: Bitcoin, Ethereum, xrp price Prediction: Bulls vs. Bears Showdown

    
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