Crypto Market Loses $250 Billion Amid Tariff Fears

The cryptocurrency market has experienced a significant crash, losing approximately $1.35 billion in just 24 hours, largely attributed to President Donald Trump's recent tariff announcements. Bitcoin fell to around $75,000, marking a drastic decline and triggering forced liquidations of over $1 billion in various trading positions. Analysts have drawn parallels between this crash and the infamous Black Monday of 1987, as fear over rising tariffs and economic instability prompted investors to sell off riskier assets. The overall market capitalization dropped by more than 10%, reflecting widespread pessimism and a shift toward safe-haven assets like gold. Major cryptocurrencies like Ethereum and XRP also faced steep declines, further compounding the market's woes. As global tensions rise, the future of the crypto market remains uncertain, with analysts predicting continued volatility ahead.