why crushed crypto market . The imposition of new tariffs on imports from China, Canada, and Mexico by the U.S. administration sparked fears of a global trade war, leading to a sell-off in risk assets like crypto. This caused Bitcoin to drop below $80,000 and erased gains from earlier bullish trends .
- Inflation and Interest Rate Concerns Rising inflation and delayed expectations of Federal Reserve rate cuts dampened investor appetite for volatile assets. Tariffs exacerbated inflationary pressures, further spooking markets .
