Bitcoin (BTC) fell under $ 92,000 on Monday when President Donald Trump re -confirmed the plan of his administration to impose rates on import from Canada and Mexico, which activated a widespread sale over the markets.
Based on crypto slat data, the flagship Crypto has fallen nearly 5% in the last 24 hours to a local low of $ 90,850 – which marked the lowest level since 2 February 2. Bitcoin had fallen by 4.46% in the past day and was at $ 91,931 From the time of time. .
The wider Crypto market, which had already been demolished from the recent Bybit -Hack, went free fall as the sales pressure became when Trump was intensified after Trump confirmed that the rates would take effect as planned on March 4.
Trump repeated his position in a statement on 24 February and said:
“The rates are ahead on time, on schedule.”
The measures include a rate of 25% for all Canadian and Mexican import, together with a tax of 10% on Canadian energy sources. The administration mentioned concern about illegal immigration and fentanyl trade as a justification for trade restrictions.
Market crash
The wider cryptomarkt experienced a considerable Scherse decline after the announcement, in which large digital assets fell more than 10% in the last 24 hours.
Ethereum (ETH) fell by 10.61% to $ 2,523.37, while XRP fell 10.85% to $ 2.30 and Solana (SOL) The steepest decrease under top activa suffered, 14.85% fell to $ 143.13 From the moment of print.
Cardano (ADA) also saw a significant decrease, lost 10.96% and traded at $ 0.6859, while BNB placed relatively lower losses and fell 6.55% to $ 615.13.
The sale resulted in nearly $ 800 million in lifting tree positions that were liquidated in the last 24 hours, because traders were confronted with margin calls in the midst of falling asset prices. Long positions were good for around $ 600 million, while short positions include around $ 200 million.
Uncertainty looms
The sudden decline emphasizes the vulnerability of the crypto market for geopolitical and macro -economic developments. Analysts believe that continuous volatility is likely, because investors re -assess the risk in response to the shifting of trade policy and global economic uncertainty.
The evolving rate situation, together with possible retaliation measures from Canada and Mexico, can continue to influence digital assets markets in the coming weeks. Traders continue to be sharp while they are bracing themselves for extra market fluctuations prior to the implementation displayline of 4 March.
While the Cryptomarkt has passed macro -economic shocks, the combination of roads in the legal headwind, infringing security and liquidation cascades has increased volatility.
Bitcoin -Market data
At the time of press 1:08 am UTC on February 25, 2025Bitcoin is on the market capitalization market and the price is down 4.67% In the last 24 hours. Bitcoin has a market capitalization of $ 1.82 trillion With a trade volume of 24 hours $ 47.63 billion. More information about Bitcoin ›
Summary of the Cryptomarkt
At the time of press 1:08 am UTC on February 25, 2025The total crypto market is appreciated at $ 2.98 trillion With a volume of 24 hours $ 136.62 billion. Bitcoin Dominance is currently up 61.05%. More information about the Cryptomarkt ›