The cryptocurrency market experienced a dramatic downturn today, with its total market capitalization dropping by 11.15% to reach $3 trillion. This sharp decline is attributed to concerns over inflation, exacerbated by Trump's tariff war, which has negatively impacted both stock and crypto markets.
As a result of the market turmoil, there has been a substantial increase in trading activity. Trading volume surged by an impressive 174.04%, reaching $291.45 billion as traders hurried to adjust their portfolios in response to the uncertainty.