The crypto market has been negatively impacted by Donald Trump's tariffs towards Canada, Mexico, and China, with Bitcoin dropping to a three-week low of $91,441.89. Altcoins have been hit even harder, with Ether reaching its lowest price since September. The tariffs have caused retaliatory measures from Canada, Mexico, and China, increasing market volatility and concerns about inflation and economic growth. The market's liquidity has shrunk, affecting risk assets like cryptocurrencies. There is speculation of a possible recovery, but fear remains a driving force, suggesting the worst may not be over yet. It is advised to exercise caution in the market.



Other News from Today