Altcoins, including XRP, SOL, and DOGE, have seen declines in value following President Donald Trump's announcement to issue tariff letters to trade partners. The President confirmed plans to notify countries about tariffs ranging from 10% to 20% or 60% to 70%. This move comes just before the expiration of a 90-day freeze on tariffs, causing concern in the markets over potential impacts on global trade. XRP is down 2.8%, SOL has decreased by 2.6%, while DOGE has dropped by 4%. Additionally, Trump's recently passed 'Big, Beautiful Bill' has sparked criticism, particularly from Tesla CEO Elon Musk, who expressed discontent over its implications for the electric vehicle sector. Analysts suggest that heightened trade tensions could lead to further economic instability and market volatility. In parallel, legislative efforts are gearing up in Congress to address key digital asset regulations, following the announcement of a 'Crypto Week' aimed at advancing crypto-specific bills. As the trade situation unfolds, the overall sentiment in the altcoin market remains bearish, raising questions about future price stability.

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