💯🔥🚨Crypto Market Tumbles Amid Trump’s Tariff Announcement🚀🚀🚀🚀

The cryptocurrency market experienced a sharp decline of 8% following U.S. President Donald Trump’s confirmation that tariffs on Mexico and Canada would take effect starting March 4. The sell-off triggered a wave of liquidations, wiping out $1 billion in crypto futures positions. Bitcoin (BTC) plummeted below $92,000, reflecting the market’s heightened uncertainty. Meanwhile, Solana (SOL) suffered a significant 15% drop, falling below $150, after the Lazarus Group was linked to Pumpfun meme coin transactions and the Bybit hack.

In a recent White House press conference, Trump reaffirmed that the planned tariffs were on schedule, imposing a 25% duty on imports from both Mexico and Canada. Additionally, Canadian energy exports—including oil, natural gas, and electricity—will face a 10% tariff. This announcement triggered a broader risk-off sentiment, with global investors pulling funds from digital assets, leading to a staggering $230 billion decline in total crypto market capitalization. According to Coinglass data, futures traders in Bitcoin, Ethereum (ETH), and Solana (SOL) were among the hardest hit, as forced liquidations mounted.

Investor sentiment towards Bitcoin weakened further, as evidenced by a significant outflow from BTC investment products. CoinShares’ latest ETF report highlighted $571 million in withdrawals last week, marking the second consecutive week of outflows in 2025. Analysts suggest that growing macroeconomic uncertainty and the tariff-induced market volatility have shaken confidence in digital assets. While Bitcoin’s long-term trajectory remains bullish, persistent selling pressure could extend the ongoing consolidation phase, keeping the market under pressure in the near term.

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