Crypto Market Crashes Again as Trump Tariffs Trigger Massive Liquidations

The crypto market saw a sharp downturn with major liquidations, dragging the whole market lower.

The main reason behind this could be Trump’s tariffs on Mexico and Canada, which took effect and erased $460 billion from the market within a day. Bitcoin dropped over 10%, while Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) suffered losses between 12% and 25%. The initial excitement around Trump’s proposed U.S. crypto reserve quickly faded as economic concerns took center stage.

Mass liquidations followed, exceeding $1.09 billion, with Bitcoin alone accounting for $400 million in forced sell-offs. According to The Kobeissi Letter, the market saw an average hourly loss of $19.1 billion, making it one of the fastest crashes in recent history.

Bitcoin had briefly surged to $93,000 after Trump’s announcement but failed to sustain momentum, dropping to $83,500. Analysts suggest it could still revisit the $70,000–$75,000 range before a true rebound. Former BitMEX CEO Arthur Hayes sees $70,000 as a potential cycle low, while other analysts warn of further short-term volatility.

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Altcoins have been hit even harder. Ethereum fell to $2,000, marking its worst Q1 performance to date, while major tokens saw a 25% correction in February alone. Analysts advise patience, as selling pressure remains high, with traders eager to offload positions at any sign of a bounce.

Earlier expectations of an altcoin boom have faded, with market sentiment at its lowest since the start of the year. As economic uncertainty grows, investors are bracing for a prolonged period of turbulence.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.