Cryptocurrency Market Plummets Over $1 Trillion Amidst Tariff Announcements and Major Exchange Hacks

The cryptocurrency market has experienced a significant downturn, losing over $1 trillion in just 24 hours, largely influenced by President Trump’s announcement of a 25% tariff on Mexico and Canada. This sudden policy shift has raised concerns over the future of pro-crypto policies under the Trump administration, triggering a massive sell-off led by Bitcoin, which has fallen below the $90,000 mark. Investor confidence has further been shaken by the hacking of the Bybit exchange, resulting in a historic loss of $1.5 billion, traced back to North Korea’s Lazarus Group. Additionally, major meme coins such as TRUMP and Milei coins have witnessed sharp declines, contributing to the ongoing market volatility. The combination of these factors has led to an atmosphere of uncertainty, raising alarms about future investments in the cryptocurrency landscape.