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Author: Admin | 2025-04-28
Cryptocurrency markets experienced a significant downturn on Monday, Febuary 25, 2025, triggered by a confluence of factors including looming US tariffs and concerns surrounding illicit activities within the Solana ecosystem. Bitcoin (BTC) fell below $92,000, contributing to an overall 8% decline in the crypto market. Solana (SOL) suffered even steeper losses, plummeting below $150.The crypto market dipped by 8% as President Trump announced that Mexico and Canada tariffs would kick off in March.Bitcoin dropped below $92,000 following a $1 billion wipeout across the crypto futures market.Solana slumped by 15% below $150 following a connection of Lazarus Group to Pumpfun meme coins.Trump Tariffs Spark Market DownturnTable of Contents1. Trump Tariffs Spark Market Downturn2. weakened Investor Demand for Bitcoin and Solana3. Bitcoin, altcoins, stablecoins FAQs4. How did the recent hacks and illicit activities within the Solana ecosystem impact investor confidence in the platform?5. Navigating the Crypto Downturn: An Exclusive Interview6. President Trump’s Tariffs Send Crypto Markets Tumbling7. Weakened Investor Demand for Bitcoin and Solana8. Illicit Activities in the Solana Ecosystem9. Thoughts for Crypto Investors and EnthusiastsPresident Donald Trump’s announcement regarding impending tariffs on Mexico and Canada sent ripples of uncertainty throughout global markets, including the cryptocurrency sector. According to Bloomberg, President Trump stated in a press conference at the White House that he expects tariffs for mexico and Canada to “kick off in March.”These tariffs, which include a 25% levy on goods from both countries and a 10% tariff on Canadian energy resources, have raised concerns about potential disruptions to global trade. The resulting uncertainty has caused many investors to reduce risk, contributing to the crypto market’s 8% plunge and shaving off nearly $230 billion from the crypto market capitalization.weakened Investor Demand for Bitcoin and SolanaAdding to the market’s woes, both Bitcoin and Solana are showing signs of weakened investor demand. Bitcoin’s
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