Only a handful of cryptocurrencies, such as Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), have been able to avoid the worst of the declines in response to President Donald Trump's new tariffs. Most top cryptocurrencies are down at least 20% for the year, with two major categories of cryptocurrencies -- Layer 1 blockchain networks and meme coins -- getting slammed especially hard. Layer 1 blockchain networks, such as Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), Sui (CRYPTO: SUI), and Avalanche (CRYPTO: AVAX), have declined significantly.