Cryptocurrencies were indeed under pressure on Saturday, a few days after American pricing threats triggered market turbulence.
Market chaos follows President Donald Trump’s decree on January 31, imposing prices on imports from Mexico, Canada and China. Although the prices on Mexico and Canada remain on a break, this decision was sufficient to shake investors and flip the sales through digital actions and assets.
Adding to the turmoil, the cryptographic markets were flooded by more than 700 fraudulent tokens capitalizing on the name of Trump, as reported by the Financial Times. The wave of scams has further eroded the confidence of investors, leading to increased volatility.
Rumors about the launch of Kanye West of a token have also done little activity.
Despite the slowdown, analysts claim that the next movements of the cryptography market will depend on whether tariff threats degenerate and how investors react to regulatory uncertainty surrounding these new pieces of memes.
Here is an overview of large cryptocurrencies at 10:30 a.m.:
| Cryptocurrency | PRICE | 7 days Gains +/- |
| Bitcoin (BTC) | $ 95,988 | -5.8% |
| Ethereum (Eth) | $ 2,609 | -19.4% |
| Solara (GROUND) | $ 194.06 | -14.2% |
| Xrp (XRP) | $ 2.41 | -18.9% |
| Mastiff (DOGE) | $ 0.2,496 | -22.4% |
| Shiba Inu (Shib) | $ 0.0000,1561 | -15.4% |
