Bitcoin's Continued Decline

On Tuesday, Bitcoin's value took a significant hit, dropping below the $90,000 mark for the first time since November 2024. This downward trend has left investors and market watchers on edge, speculating on the future of cryptocurrency investments.

Impact of U.S. Tariffs on Crypto Markets

The recent announcement by U.S. President Donald Trump regarding the implementation of tariffs on goods from Mexico and Canada has added to the market's uncertainty. This move, initially delayed, is now set to take effect on March 4, casting a shadow over the global market's stability and its potential impact on cryptocurrency values.

Market Reaction

Following the news, Bitcoin experienced a sharp decline, dropping 2.43% to $89,995 by 2:30 am ET. Ethereum also saw a significant decrease, plummeting by 5.96% to $2,363.7623. These figures represent the lowest points for both cryptocurrencies in several months, signaling a cautious approach from investors worldwide.