Bitcoin experienced a 3.9% drop to a three-week low due to President Trump's announcement of new tariffs on imports from Canada and Mexico. This contributed to a broader crypto market selloff, resulting in the loss of over $110 billion in value. The decline accelerated after Trump confirmed the tariffs. The market downturn affected other major crypto assets, such as Solana, XRP, Ethereum, and BNB, with significant decreases in their values. The $110 billion loss is one of the largest declines in the history of the crypto market.



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