Trump prices trigger Bitcoin nosedive below $ 91,000 as altcoin crater

Bitcoin (BTC) fell below $ 92,000 on Monday while President Donald Trump reaffirmed the plan of his administration to impose import prices from Canada and Mexico, triggering a widespread sale on the markets.

Based on cryptoslate data, the flagship crypto dropped by almost 5% in the last 24 hours to a local hollow of $ 90,850 – marking its lowest level since February 2. .

The wider market of cryptography, which was already in shock from the recent relay hack, came into free fall while the sales pressure has intensified after Trump confirmed that the prices would take effect as expected on March 4 .

Trump reiterated his position in a statement on February 24, saying:

“The prices are going before in time, on time.”

The measures include a 25% rate on all Canadian and Mexican imports, as well as a 10% levy from Canadian energy resources. The administration has cited concerns about illegal immigration and fentanyl traffic as a justification for commercial restrictions.

Market accident

The wider cryptography market experienced a much clearer slowdown after the announcement, the main digital assets falling by more than 10% in all time in the past 24 hours.

Ethereum (ETH) fell by 10.61% to $ 2,523.37, while XRP decreased by 10.85% to $ 2.30, and Solana (soil) was the most steep drop among the best active , down 14.85% to $ 143.13.

Cardano (ADA) also experienced a significant drop, losing 10.96% and trading at $ 0.6859, while BNB posted relatively lower losses, lowering from $ 6.55%.

The sale has led to nearly $ 800 million in leveraging effects liquidated in the last 24 hours while traders faced margin calls in the midst of falling asset prices. Long positions represented around $ 600 million, while uncovered positions included around 200 million dollars.

Uncertainty of trades

Sudden slowdown highlights the vulnerability of the cryptography market to geopolitical and macroeconomic developments. Analysts believe that continuous volatility is likely that investors are increasing the risk in response to the change in trade policies and global economic uncertainty.

The evolving tariff situation, as well as potential reprisals of Canada and Mexico, could have an impact on the digital asset markets in the coming weeks. Merchants remain in advance as they prepare for additional market fluctuations before the deadline for implementation of March 4.

Although the crypto market has already resisted macroeconomic shocks, the combination of regulatory opposite winds, safety violations and liquidation cascades has increased volatility.

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