Trump's tariffs on China: Bitcoin to Ethereum — why did cryptocurrencies crash on Friday? EXPLAINED

Why are cryptocurrencies falling?

Speaking on the reason for the fall in cryptocurrencies, Anuj Gupta, Director at Ya Wealth, said, “The Chinese are one of the major investors in cryptocurrencies. Following the announcement of an additional 100% Trump's tariffs on China, sell-off pressure in virtual assets was widely accepted. So, this fall is on the expected lines, and we are expecting some more selling, especially on Bitcoin, Ethereum, Solana, and Binance, as it attracts a big chunk of the Chinese investments.”