Crypto markets experienced a sharp decline as global tariff tensions escalated. Bitcoin (BTC) dropped below $75,000, while ether (ETH) fell significantly. XRP and SOL also witnessed substantial losses. The broader market, represented by the CoinDesk 20 index, lost nearly 12% in a day. U.S. equities entered bear market territory, with the S&P 500 down 20% from its peak. Investors are turning to U.S. bonds for refuge as yields decrease. The VIX, a measure of market volatility, hit its highest level since August 2024. — new from CoinDesk
