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

Additionally, the response of Canadian Prime Minister Justin Trudeau, who announced 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 that contributed to the collapse include:

- *Negative economic news*: the rise in interest rates due to inflation has discouraged investments in cryptocurrencies 📊

- *Crypto market events*: exploits of DeFi protocols and stability issues in some ecosystems led to loss of confidence and a drop in prices 🚨.

- *Risk tolerance*: investors with lower risk tolerance have been more likely to sell their cryptocurrencies in the event of a collapse 💸.

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