Bloomberg: ETH leads the latest round of cryptocurrency sell-off as Trump escalates trade war

ChainCatcher news, according to Bloomberg, under the backdrop of President Trump's insistence on increasing tariffs, has triggered a new round of digital asset sell-offs, further dimming hopes that a trade war might be avoided.

On Wednesday, Ethereum fell more than 6%, hitting its lowest intraday level since March 2023, before recovering somewhat. Bitcoin, as the largest cryptocurrency, also dropped over 3%, but then rebounded.