The cryptocurrency market lost more than $ 734 billion because of Donald Trump

The cryptocurrency market suffered another collapse after Donald Trump’s announcement of tariffs on imports from Canada and Mexico. According to Coinglass, total liquidations exceeded $ 918 million, and the total market capitalization of crypto assets lost 7% of its value.

This is the second time that Trump’s policy has affected the crypto market. Earlier in February, after the introduction of 25% customs duties, the market lost more than $ 2 billion. However, after the news of a possible postponement of tariffs, prices partially recovered.

This time, Bitcoin BTC $87,501.56 Bitcoin -7.61% Market capitalization $1.74 trillion VOL. 24 hours $6.97 billion fell below $ 89,000, which provoked massive liquidations of long positions. Famous investor Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor called the situation a «sell-off» and urged to buy BTC at reduced prices. A similar position was expressed by Robert Kiyosaki, who sees crisis moments as an opportunity to build up assets.

A popular analyst named James noted that since Trump’s second presidential term, the crypto market has lost more than $ 734 billion, which is 20% of its total capitalization.

In general, analysts predict that market volatility will continue as investors continue to react to US economic policy. Tariff issues and the overall inflation rate are expected to remain the main factors affecting the cryptocurrency market in 2025.