Ethereum Suffers 'Black Sunday' Drop of 33%, Steepest in Four Years Due to Tariffs

Ethereum experienced a significant decline in its value, dropping as much as 33% within a few hours on Monday, described as a 'Black Sunday' in the market. The cryptocurrency fell to a low of $2,100, trading below $2,500, marking its steepest loss in nearly four years.

This sharp drop occurred over 60 hours and was attributed to investors reducing risk exposure following tariffs announced by former President Trump. The decline in Ethereum's value was part of a broader market reaction, with Bitcoin also experiencing a downturn, albeit less severe at around 7%.

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