Ripple’s XRP joined the wider crypto market decline, plunging nearly 10% on Monday following President Donald Trump reiterating that the US will kick off tariffs on Mexico and Canada. Despite initially pausing the tariffs, both countries have failed to work out an agreement with the US government.
Raydium (RAY) price trades around $3 on Tuesday after dropping almost 35% the previous day. This price crash was due to the rumors of a competing Automated Market Maker (AMM) being developed by PumpFun and losing $334 million in market capitalization, leading to increased exchange supply.
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US President Donald Trump’s decision to move ahead with tariffs on Mexico and Canada in March has sparked bearish sentiment across global financial markets including Bitcoin (BTC). Bitcoin price declined by another 4.7% on Monday bringing its losses since the Bybit hack to 7% as it traded as low as $93,000 within the intra-day session.
