The cryptocurrency market has experienced a significant downturn, with over $1 trillion wiped out since its peak in December. This decline is attributed to renewed tariff threats from President Donald Trump, who proposed imposing 25% tariffs on Mexico and Canada. Bitcoin’s value fell below $80,000, marking a 28% drop since its January high, while Ethereum also saw declines. Investors are moving away from risky assets due to uncertainty surrounding tariff policies and potential inflation, overshadowing positive regulatory developments in the sector.
