The price of Bitcoin has dropped 5% in one day and 8% in the last week, while other top 10 coins have experienced even larger declines. Ethereum is down 10%, XRP has fallen 15%, Solana's native token has decreased nearly 12%, and Dogecoin has crashed 16%. These declines come after Trump's team announced tariffs against Canada, Mexico, and China, which led to further price drops when the orders were signed. Canada and Mexico's retaliatory plans have caused expectations of further price declines as the tariffs may impact consumers and diminish interest in risk assets like cryptocurrencies. Over $900 million in crypto futures positions have been liquidated in the past 24 hours, with Bitcoin leading at $180 million.
Content Editor ( decrypt.co )
- 2025-02-02
XRP, Solana and Dogecoin Crash as Trump's Trade War Knocks Bitcoin Under $97K
