Ether and top altcoins saw double-digit losses within an hour following U.S. President Donald Trump’s initial tariffs against imports from China, Canada, and Mexico. Ethereum fell 16 before recovering slightly, but it's still down 38 from its 2024 peak. Altcoins such as Avalanche, XRP, and Dogecoin declined over 20 in 24 hours. Bitcoin dropped nearly 6 loss, as traders sought refuge in the more stable asset.