Yigit Taha OZTURK 
Former US President Donald Trump has signed a new tariff order that is set to shake global trade. Imported goods from Canada and Mexico will be subject to a 25% tariff, while products from China will face a 10% additional tax. Economic commentators are labeling Trump’s move as a trade war, and this decision is not only affecting traditional financial markets but also the cryptocurrency sector.
Bitcoin Bloodbath: Bears Take Control!
Before the announcement, Bitcoin (BTC) was holding strong at around $106,000. However, after the news broke, the cryptocurrency went into free fall. It quickly plummeted below $90,000, resulting in a 15.09% loss, shocking investors.
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This sharp decline triggered massive liquidations in Bitcoin futures. Hundreds of millions of dollars in positions were wiped out, and bulls could not defend key support levels, leading to even more selling pressure. Technical indicators now suggest that further downside is imminent for BTC.
Ethereum Nightmare: 40% Loss!
Ethereum (ETH) saw an even worse scenario. The coin dropped sharply from around $3,500, losing nearly 40% of its value, reaching as low as $2,100.
The rapid liquidation of high-leverage positions accelerated the decline. Ethereum investors now face the risk of falling below the $2,000 mark. If panic selling continues, ETH could drop as low as $1,850.
$2.25 Billion in Liquidations: Market in Chaos!
Following the tariff decision, global markets, including the cryptocurrency sector, experienced massive shocks. In just 24 hours, $2.25 billion worth of positions were liquidated.
The dramatic drops in Bitcoin and Ethereum led to severe sell-offs in altcoins as well. The panic forced investors to sell at a loss, quickly driving the market into a crash scenario.
Will the Markets Recover?
Analysts highlight that Bitcoin’s drop below $90,000 is critical, but a potential rebound could trigger a bounce back. As for Ethereum, the $2,000 level is crucial. If it fails to hold, deeper declines could follow.
After these recent developments, investors must proceed with caution and adapt to the volatile market conditions.
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