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Market Overview: Tariff-Induced Volatility
The cryptocurrency market experienced significant turbulence following President Trump's announcement of new tariffs on imports from Canada, Mexico, and China. This move triggered widespread panic selling, leading to a sharp decline in crypto prices
Price Movements:
Bitcoin (BTC): Dropped to $92,000, marking its lowest point in three weeks.
Ethereum (ETH): Fell to $2,135, its worst intraday decline since 2021
XRP: Decreased to $1.90, experiencing a 30% drop.
Solana (SOL): Plummeted by 15%, reflecting broader market losses.
Overall, the crypto market capitalization shrank by approximately $500 billion, with over $2 billion in leveraged positions liquidated within 24 hours
