#Alert🔴 The recent collapse of the cryptocurrency market has been influenced by various factors, including geopolitical and macroeconomic events 🌎. One of the main causes has been the imposition of new trade tariffs by Donald Trump, which shook global financial markets and led to a flight towards assets considered safer 🏦

Additionally, Canadian Prime Minister Justin Trudeau's response, announcing retaliatory measures against Trump's tariffs, further complicated the situation and fueled uncertainty in the markets 🤔. This led to a decline in the price of Bitcoin and other cryptocurrencies 📉.

Other factors contributing to the collapse include:

- *Negative economic news*: rising interest rates due to inflation discouraged investment in cryptocurrencies 📊

- *Crypto market events*: DeFi protocol exploits and stability issues in some ecosystems led to loss of confidence and price drops 🚨.

- *Risk tolerance*: investors with lower risk tolerance were more likely to sell their cryptocurrencies during the collapse 💸.

It's essential to note that the cryptocurrency market is known for its volatility, and prices can fluctuate rapidly 📈. Therefore, it's crucial to maintain a long-term perspective and avoid making impulsive decisions based on short-term events 🙏. $BTC