US President Donald Trump's imposition of new tariffs on Canada, Mexico, and China caused a sharp decline in the value of Bitcoin and altcoins. Trump's family's cryptocurrency project, World Liberty Financial, also suffered a loss of approximately $51.7 million. The project's crypto portfolio fell by over 21% due to the market reactions to the tariffs. The biggest losses were seen in Ethereum, WBTC, and Ethena. World Liberty Financial had previously invested in altcoins such as ENA, LINK, AAVE, TRX, and MOVE, in addition to Ethereum and WBTC.



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