Crypto Market Crashes as Trump’s Tariffs Shake Investor Confidence

The cryptocurrency market took a major hit as U.S. President Donald Trump’s new tariffs on Canada, Mexico, and China triggered a massive selloff. Investors rushed to cut exposure to riskier assets, leading to sharp declines across the board.

Bitcoin & Ethereum Lead the Losses

🔻 Bitcoin (BTC) dropped 5%, falling to $93,921, and even hit a three-week low of $91,441 before stabilizing.
🔻 Ethereum (ETH) took the worst hit, crashing 26% to $2,135, marking its biggest single-day drop since May 2021.
🔻 Altcoins also suffered steep losses:

  • DOGE plunged 23% to $0.2313
  • XRP dropped 21.6%
  • Solana (SOL) declined 6%

The overall market remains on edge, with analysts warning that Bitcoin must hold above $90,000-$95,000 to avoid further declines.

What Triggered the Crash?

🚨 Over the weekend, Trump imposed 25% tariffs on Canada and Mexico and 10% on China, sparking fears of a global trade war.
🚨 Canada, Mexico, and China immediately threatened retaliation, adding more uncertainty to the market.
🚨 This led to $2 billion in crypto liquidations, making it one of the biggest selloffs in recent months.

From Rally to Crash: A Sudden Market Shift

Just a few weeks ago, Bitcoin was flying high at $107,071, fueled by optimism that Trump’s presidency would bring crypto-friendly regulations. In fact, on January 24, 2025, Trump signed an order to set up a regulatory group to draft clear rules for crypto businesses and explore the idea of a U.S. crypto reserve.

But sentiment quickly flipped, as the latest economic policies raised concerns about global instability. Now, traders are closely watching key support levels, with many saying Bitcoin must reclaim $100K for the bull run to continue.

bitcoin
Bitcoin (BTC) $ 96,100.75
ethereum
Ethereum (ETH) $ 2,620.82
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.41
solana
Solana (SOL) $ 195.39
bnb
BNB (BNB) $ 637.74
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.253625
cardano
Cardano (ADA) $ 0.769957
staked-ether
Lido Staked Ether (STETH) $ 2,617.54
tron
TRON (TRX) $ 0.239521
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,944.71
chainlink
Chainlink (LINK) $ 18.61
wrapped-steth
Wrapped stETH (WSTETH) $ 3,106.58
avalanche-2
Avalanche (AVAX) $ 25.20
sui
Sui (SUI) $ 3.27
stellar
Stellar (XLM) $ 0.316414
the-open-network
Toncoin (TON) $ 3.73
shiba-inu
Shiba Inu (SHIB) $ 0.000016
leo-token
LEO Token (LEO) $ 9.84
litecoin
Litecoin (LTC) $ 117.07
hedera-hashgraph
Hedera (HBAR) $ 0.223935
usds
USDS (USDS) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 23.77
weth
WETH (WETH) $ 2,613.30
polkadot
Polkadot (DOT) $ 4.82
bitget-token
Bitget Token (BGB) $ 6.06
bitcoin-cash
Bitcoin Cash (BCH) $ 330.55
ethena-usde
Ethena USDe (USDE) $ 0.999862
mantra-dao
MANTRA (OM) $ 5.94
uniswap
Uniswap (UNI) $ 9.49
wrapped-eeth
Wrapped eETH (WEETH) $ 2,768.56
ondo-finance
Ondo (ONDO) $ 1.34
monero
Monero (XMR) $ 221.93
pepe
Pepe (PEPE) $ 0.000010
whitebit
WhiteBIT Coin (WBT) $ 27.41
near
NEAR Protocol (NEAR) $ 3.21
aave
Aave (AAVE) $ 244.07
dai
Dai (DAI) $ 0.999972
mantle
Mantle (MNT) $ 1.02
internet-computer
Internet Computer (ICP) $ 7.07
aptos
Aptos (APT) $ 5.90
susds
sUSDS (SUSDS) $ 1.04
bittensor
Bittensor (TAO) $ 395.81
official-trump
Official Trump (TRUMP) $ 15.40
ethereum-classic
Ethereum Classic (ETC) $ 20.37
okb
OKB (OKB) $ 49.91
gatechain-token
Gate (GT) $ 22.16
vechain
VeChain (VET) $ 0.033046
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.308869