- The cryptocurrency market drops by 2.15% while Bitcoin slips to $ 95,000 and Ethereum to $ 2,550.
- Solana Memecoins crashes 10%, with Bonk and Dogwifhat among the worst strokes.
- Trump’s prices on Canada, Mexico and the Chinese fuel market collapsed, delaying implementation until February 4.
The cryptocurrency market has taken a hit, lowering more than 2% in the last 24 hours. A new price announcement by President Trump has shaken investors, adding uncertainty to global markets. This decision, intended for Canada, Mexico and China, sent shock waves through crypto.
Bitcoin briefly climbed $ 100,000 on Friday, but he couldn’t hold the ground. The largest cryptocurrency in the world has slipped 1.66% to around $ 95,000 in the last 24 hours. Ethereum underwent a clearer drop, lowering from $ 3.6% to $ 2,550. The wider market has followed suit, displaying a drop of 2.15%.
Bitcoin market capitalization amounts to around 1.85 billion of dollars, now its domination in the cryptography sector. Ethereum follows with an evaluation of $ 306 billion, reflecting its strong position as second cryptocurrency. Collectively, the entire cryptocurrency market is estimated at around 2.25 billions of dollars, highlighting the scale and impact of digital assets in the financial landscape.
While the wider market has dropped, same, based in Solana, saw a bloodbath. The GMCI Solana Memes index plunged 10%. Bonk, Dogwifhat and Gigachad tend to drop when the risk appetite was.
Mocoins are very volatile, often moving in response to a wider feeling. With uncertainty disturbing the market, investors rushed to safer assets, leaving beaten speculative tokens.
Bonk (Bonk) has led the losses among the mecoins based in Solana, plumming 12.5% in the last 24 hours. Dogwifhat (WIF) followed closely, eliminating 11.3%, while Gigachad experienced a 9.8%drop. The net drop reflects a wider sale on the cryptography market, the risky assets strike the most harshly.
Trump’s decision to impose radical prices has delighted fears of a renewed trade war. It has set rights at 25% on Canadian and Mexican imports, with a size of 10% for Canada’s energy exports. China faces a 10% price on all goods.
The prices, initially scheduled for February 1, should now take effect on February 4 at 12:01 p.m., the White House justified this decision in response to drug trafficking problems.
Markets have prepared for the impact. The last time Trump increased trade tensions, Bitcoin dropped by 4% before bounced. Analysts expect more turbulence to come.
Super bowl advertisements with cryptocurrency have turned off
This Sunday, New Orleans will welcome the Super Bowl Lix, with the Chiefs of Kansas City and the Eagles of Philadelphia. The game is the most watched event in America, but cryptographic companies are absent from the range of announcements.
Unlike “Crypto Bowl” of 2022, where brands like FTX and Coinbase dominated commercial breaks, the absence of this year reflects the changing industry landscape. The regulatory examination and the uncertainty of the market have tightened the budgets of the MA.
The markets will monitor how the prices take place. Crypto has proven to be resilient in past macroeconomic shocks, but volatility remains high. Bitcoin’s ability to contain $ 95,000 could determine its next movement.
For the moment, the feeling of risk dominates. Investors are preparing for the impact while the Trump trade war is looming in the world markets.
