#Investing.com -$BTC $ETH $SOL Global cryptocurrency markets have been rocked in the past 24 hours, adding to the jitters investors have not recovered from after the collapse caused by the DeepSeek AI platform and the Bank of Japan’s decision to raise interest rates last week. According to the figures, Bitcoin’s price has fallen by 6% and Ethereum’s by 8% in just one week.

The situation was exacerbated by US President Donald Trump’s decision to impose immediate tariffs on imports from Canada, Mexico, and China, which negatively impacted stocks and cryptocurrency markets in general. The total global cryptocurrency market capitalization fell by more than 3%, from $3.49 trillion to $3.35 trillion, meaning more than $140 billion was lost in less than 24 hours. Additionally, the cryptocurrency market’s “fear and greed” index fell from “greedy” to “neutral” at 47 points, reflecting growing negative sentiment among investors.

Cryptocurrency prices now

Cryptocurrencies have fallen sharply in the last 24 hours, with Bitcoin falling below $100,000 after falling 2.4% to $99,500, and Ethereum also falling by more than 5% to $3,103 per token.

The selling waves spread and included most currencies, as Ripple XRP fell by 4.5%, Solana by 7.12%, and Dogecoin by 7.28%.

The newly issued meme coin Trump also fell more than 11%, bringing its total losses to 31.3% in the past week, and is trading at $21, two weeks after touching $77 on January 19.

The Impact of Customs Tariffs on Bitcoin and the Digital Market

US President Donald Trump declared a national emergency under the International Emergency Economic Powers Act of 1977, using it as a pretext to impose 25% tariffs on imports from Mexico and Canada, and 10% on Chinese imports.

The decision sent Bitcoin and altcoins prices tumbling on fears of a trade war that could raise prices for American consumers. US inflation data for February also showed inflation rising for three straight months. It’s worth noting that major US indices fell at the end of the week.

Economists have warned that imposing indiscriminate tariffs on major trading partners will exacerbate inflation, drive up prices and increase layoffs. In addition, Canada, Mexico and China have begun to retaliate, raising the possibility of a full-scale trade war.

Major Liquidations in the Cryptocurrency Market

Cryptocurrency markets have seen massive liquidations totaling over $700 million in the past 24 hours, according to data from Coinglass. The liquidations involved over 250,000 traders, with the largest single liquidation involving $11.84 million worth of ETHUSDT contracts on Binance.

In addition, the value of long liquidations exceeded $520 million, while the value of short liquidations amounted to about $80 million. The liquidations included major digital currencies such as Bitcoin, Ethereum, Solana, Dogecoin, Ripple, and others.

On the other hand, experts have pointed out that the large bets against US stocks and warnings of a stock market crash due to tariffs are increasing uncertainty in the financial markets. According to Coingape, the prices of Bitcoin, Ethereum and other major cryptocurrencies could see a bigger correction if these conditions persist.