Crypto majors are red following Trump's tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparing for round-the-clock tokenized stock and ETF trading.
The cryptocurrency market has entered a correction phase amid Trump's tariff storm, with most major tokens trading lower. Bitcoin (BTC) shed 2%, slipping below the $92,000 level to $91,100; Ethereum (ETH) tumbled 4% to $3,105; Solana (SOL) fell 3% to $129. Ripple (XRP) also dipped 2% to $1.93.
Notably, some small- and mid-cap tokens bucked the downward trend. CC surged 12%, MYX jumped 5%, and SYRUP gained 4%, emerging as rare bright spots in this downturn. Overall market sentiment remains cautious as investors await further developments on Trump's tariff policy.
According to Decrypt, the New York Stock Exchange has begun preparations for round-the-clock tokenized stock and ETF trading. The move is seen as a significant signal of traditional finance's entry into the blockchain space, serving as a key indicator for institutional adoption trends in the crypto market.
Analysts note that NYSE's initiative could bring greater liquidity and legitimacy to the cryptocurrency ecosystem, potentially enhancing market maturity over the long term.
With uncertainty surrounding tariff policy casting a shadow, the crypto market continues to face short-term pressure. Despite pullbacks in major tokens, capital has flowed into smaller tokens with viral appeal or specific use cases, reflecting a rotation dynamic. Investors should closely monitor developments in Trump's tariff policy and the pace of NYSE's tokenization roadmap.
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