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The cryptocurrency market is showing signs of a slight recovery after its most recent bloodbath. Bitcoin (BTC) rallied 3.8% in the last 24 hours and is inching closer to $80,000 once again. The global crypto market cap has climbed 3.7% in the previous 24 hours to $2.59 trillion. Dogecoin (DOGE) also follows a similar path. The original memecoin is up 10% in the daily charts. Despite the rally, the asset is down 10.8% in the weekly charts, 17.3% in the 14-day charts, 20.8% in the monthly charts, and 26.5% since April 2024. Also Read: Chinese Yuan Falls To Lowest Level Against US Dollar In 2 Years Source: CoinGecko Spell Of Tariffs Grip Financial World Source: Reuters Dogecoin (DOGE) and other cryptocurrencies faced a massive price dip on Monday, Apr. 7. Global stock markets also plummeted as a result of President Trump’s tariffs. China witnessed its worst stock market crash since 2008. Japan and Taiwan had to halt trading due to circuit breaks. China has slammed a 34% tariff on the...

VeChain (VET) continues its descent amid a lackluster market. The asset is down 0.3% in the daily charts, 4.5% in the weekly charts, 22.6% in the 14-day charts, and 25.1% over the previous month. Despite the dip, VET has maintained some gains in the yearly charts, rallying 11.5% since February 2024. Also Read: Trump’s U.S.-Russia Talks: A Crucial Move to Curb De-Dollarization and End the Ukraine War Source: CoinGecko Cryptocurrencies Continue To Glow Red Source: Coinpedia The crypto market is not showing any signs of a recovery. The market slumped earlier this month and has continued to move downwards. VET and other assets have lost significant value since the beginning of this year. Also Read: Can Bitcoin (BTC) Return to $100K This Week Post-Crash? US President Donald Trump announced additional taxes on steel and aluminum. The move may have made investors weary of risky assets. President Trump also said he would impose tariffs on countries that tax US goods. Both developments were tak...