$BTC #CryptoRegulation The cryptocurrency market recently experienced a significant downturn, with over $500 billion wiped from its total market capitalization. This sharp decline was triggered by escalating trade tensions following former President Donald Trump's announcement of new tariffs on imports from Mexico, Canada, and China. The heightened geopolitical uncertainty led to a broad sell-off in risk assets, including cryptocurrencies.

Major cryptocurrencies were not spared: Bitcoin (BTC) fell below $53,000, Ethereum (ETH) dropped to just above $2,000, and altcoins like Cardano (ADA), Solana (SOL), and XRP saw losses exceeding 20%. The rapid decline also triggered massive liquidations in the derivatives market, with over $2.2 billion in leveraged positions wiped out and more than 700,000 traders affected