The crypto market has experienced a significant downturn, with market capitalization falling around 12% to $3.1 trillion, the lowest level seen this year. This resulted in a loss of over $400 billion in less than a day, sending markets back to mid-November levels. Over 700,000 traders were liquidated for $2.2 billion in the past 24 hours, marking the largest liquidation event in crypto history. Bitcoin fear and greed index has dropped from greed to fear, and BTC crashed 7.5% to an intraday low of $91,300. Altcoins have also been heavily impacted, with Ethereum falling 25% to below $2,400, Ripple's XRP dropping over 26%, and other altcoins experiencing significant losses. The market downturn is attributed to the imposition of trade tariffs by Donald Trump on multiple countries, causing negative effects on risk assets like Bitcoin.



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