Crypto market falls as Trump tariff threats and bond yields unsettle investors

Cryptocurrency prices slid as markets digested US President Donald Trump’s fresh tariff threats tied to a dispute over Greenland, with Bitcoin and Ether retesting their lowest levels in more than two weeks. The total crypto market capitalization fell to $2.71 trillion on Tuesday, down from nearly $3 trillion the previous Wednesday and about 32% below its October 2025 peak.

Macro signals amplified risk aversion: yields on the 5-year US Treasury climbed to their highest level in almost six months, and Japan’s 20-year government bond yields surged to record highs. The S&P 500 fell 1.9% while gold rose to a new all-time high, according to the article. Billionaire investor Ray Dalio told CNBC that a "new phase of global financial conflict" may be emerging as governments reassess exposure to US assets, and European Commission President Ursula von der Leyen warned any response would be "unflinching, united, and proportional." Silver has risen 64% since December and its market capitalization has climbed to $5.3 trillion; Bitcoin was cited as the eighth-largest tradable asset at about $1.8 trillion and Ether at $360 billion, placing it 42nd and recently overtaken by Home Depot and Netflix.

Analysts in the article said contagion risks are growing as higher borrowing costs pressure major central banks; a TD Securities report noted the moves in Japan have spilled into other markets.

Key Topics

Crypto, Bitcoin, Ether, Donald Trump, Greenland, Ray Dalio