Crypto market is dumping today
Today in crypto, Bitcoin and the wider markets slumped as US President Donald Trump said the tariffs aimed at Canada and Mexico are “on schedule.” Meanwhile, the US Securities and Exchange Commission’s task force has continued discussions with crypto firms over digital assets regulation, and Bybit CEO Ben Zhou says the exchange has replaced all the Ether stolen from the $1.4 billion hack.
Bitcoin falls under $91K as Trump says tariffs are still on
Bitcoin fell under $91,000 and crypto sentiment nosedived alongside a broader market decline as US President Donald Trump reiterated that his planned tariffs against Mexico and Canada were “going forward.”
The Crypto Fear & Greed Index, which rates market sentiment out of a total possible score of 100, fell to a score of 25 points on Feb. 25 — signaling “Extreme Fear.”
The market drop comes as Trump said at a Feb. 24 news conference with French President Emmanuel Macron that his planned 25% tariffs on Canada and Mexico “are going forward on time, on schedule.”