Crypto Majors Slide as Tariff Turmoil Weighs on Market Sentiment
Bitcoin, Ethereum, Solana and XRP traded lower as renewed tariff uncertainty hit crypto majors, while tokenized markets, corporate Bitcoin reserves and DAO governance remained key themes. The NYSE’s work toward 24/7 tokenized stock and ETF trading added to a busy day for crypto infrastructure news.
What happened?
Bitcoin, Ethereum, Solana and XRP traded lower as renewed tariff uncertainty hit crypto majors, while tokenized markets, corporate Bitcoin reserves and DAO governance remained key themes. The NYSE’s work toward 24/7 tokenized stock and ETF trading added to a busy day for crypto infrastructure news.
Why it matters
The market moves came alongside several infrastructure and corporate treasury developments. The NYSE began preparations for 24/7 trading of tokenized stocks and ETFs, a step that points to growing interest in bringing traditional market assets onto blockchain-based rails. For crypto readers, that matters because tokenized securities could blur the line between conventional finance and onchain markets.
Crypto majors traded in the red following tariff turmoil tied to Trump, with Bitcoin down 2% at $91,100, Ethereum down 4% at $3,105, Solana off 3% at $129 and XRP lower by 2% at $1.93. Among top movers, CC gained 12%, MYX rose 5% and SYRUP added 4%. Meme majors also weakened, including DOGE, SHIB, PEPE, TRUMP, BONK, PENGU, SPX, WIF and Fartcoin.
The market moves came alongside several infrastructure and corporate treasury developments. The NYSE began preparations for 24/7 trading of tokenized stocks and ETFs, a step that points to growing interest in bringing traditional market assets onto blockchain-based rails. For crypto readers, that matters because tokenized securities could blur the line between conventional finance and onchain markets.
Corporate Bitcoin exposure also remained in focus. Steak ’n Shake disclosed roughly $10 million in Bitcoin exposure and said it had created a corporate BTC strategic reserve, adding the restaurant chain to the list of companies publicly linking treasury strategy to Bitcoin.
In governance, Vitalik Buterin called for more sophisticated DAO models aimed at improving accountability, coordination and long-term sustainability. Bermuda also outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity and tokenized financial infrastructure.
ETF flows were mixed. Bitcoin ETFs posted $394 million in net outflows on Friday, ending a four-day inflow streak, while Ethereum ETFs remained positive with $4.7 million in inflows. Onchain movers were more volatile, with USOR up 70%, GSD up 50% and Eliza Town up 800%.