The cryptocurrency market experienced a surge in value, with Bitcoin rallying above $90,000 and the total market capitalization of digital assets reaching over $3.1 trillion. However, the market was quickly cut short by President Donald Trump's announcement of tariffs on Mexico, Canada, and China. This led to retaliation from affected countries and caused both the cryptocurrency and stock markets to react violently, with digital assets losing over $80 billion in market capitalization within 24 hours. Bitcoin, Ethereum, and XRP all saw significant drops in value. This incident highlights the sensitivity of cryptocurrencies to external factors and the uncertainty in the market. The drop also extended to major U.S. stock market indices and even gold, which is traditionally seen as a safe-haven asset.



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