Crypto Market Reacts to US Tariffs and Liquidations, Bitcoin Drops Over 3%

I observed that Bitcoin experienced a 3.2% decrease within a 24-hour period, now trading around 114,832 USD. This downturn seems to be a direct reaction to new US tariff measures and widespread liquidations. The announcement of global tariffs at 10% and a 35% tariff on Canadian imports has stirred market nerves, leading to a capital outflow from the cryptocurrency sector.

Major cryptocurrencies like Ether, XRP, and Solana also faced notable declines, dropping as much as 8%. These substantial declines across the crypto market highlight how sensitive digital assets are to geopolitical developments and tariff announcements, which can trigger investor panic and rapid sell-offs.

Given this recent market action, it’s evident that geopolitical tensions and trade policy changes have a significant impact on crypto prices. Investors should be cautious and monitor geopolitical events closely, as they continue to influence market stability and liquidity within the crypto ecosystem.