The cryptocurrency market experienced a significant drop in prices due to geopolitical uncertainty caused by the new US president. Bitcoin's price fell by $10,000 in a day, reaching a low of $91,500. Altcoins also saw massive double-digit price drops, resulting in billions of dollars' worth of liquidations. The decline was triggered by Trump's imposition of tariffs on China, Canada, and Mexico, and their subsequent retaliatory measures. The altcoins, including ETH, XRP, BNB, DOGE, ADA, LINK, AVAX, and XLM, experienced significant losses in market capitalization. The total crypto market cap decreased by over $400 billion. Over $2.2 billion worth of positions were liquidated, and more than 700,000 traders were affected. The largest liquidation occurred on Binance and involved the ETH/BTC pair, with a value of over $25 million.



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