Today, cryptocurrencies experienced a notable dip as investors moved away from riskier assets and sought safer options, following US President Donald Trump’s announcement of new levies on eight European countries.
The possible imposition of tariffs on the EU triggered $875 million in crypto liquidations in a single day.
Before the market opened on Monday, Bitcoin dropped as much as 3.6%, falling below $92,000, while other cryptocurrencies experienced even larger declines.
Ether decreased by 4.9%, while Solana declined by 8.6%.
The decline comes after Bitcoin’s strong start to the year, which saw it rise to $98,000 last week.
The market has lost over $111 billion in value since last Thursday.
By CEO NA Editorial Staff
