Crypto Market Slumps Despite Trump's Non-Tariff Announcement as Whale Selling Intensifies

**Crypto Market Faces 3% Decline as Whale Selling Pressure Mounts Despite Trump's Non-Tariff Stance**

The cryptocurrency market experienced significant turbulence today, with the total market capitalization plunging nearly 3% to approximately $3.6 trillion, according to TradingView data. Despite President Trump's latest announcement avoiding new tariffs—which initially provided relief to traders—Bitcoin and major altcoins continued their bearish trajectory as institutional whale selling intensified across DeFi platforms and centralized exchanges.

This market downturn highlights the complex dynamics affecting blockchain assets, where geopolitical developments intersect with large-scale cryptocurrency liquidations. The persistent selling pressure from major holders suggests deeper structural concerns beyond immediate policy announcements. Traders are closely monitoring Bitcoin's price action and on-chain metrics as the broader digital asset ecosystem faces headwinds.

The current market correction reflects ongoing volatility in the cryptocurrency space, with investors reassessing risk amid shifting regulatory landscapes and institutional behavior. As whale activity continues to impact price discovery mechanisms, market participants are watching for potential support levels and reversal signals across major blockchain networks and DeFi protocols.