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The long-anticipated crypto bull market is now facing serious turbulence following a shocking announcement from President Donald Trump. During a press conference with French President Emmanuel Macron, Trump escalated market fears by introducing new import tariffs, triggering a wave of uncertainty across global financial markets.
The consequences? Investors are rushing for the exits, and the crypto sector has taken a major hit. Bitcoin and altcoins are suffering heavy losses, raising concerns that this could mark the end of the current bull phase.
What Triggered the Crypto Sell-Off?
This massive market downturn appears to have been sparked by Trump’s announcement of a 25% import tariff on goods from Canada and Mexico.
During his joint press conference with Emmanuel Macron on February 24, Trump emphasized his aggressive trade policies, which sent shockwaves through financial markets.
Stock Market Reactions:
- The S&P 500 dropped 2.3% over the last five trading days.
- The Nasdaq Composite plunged by 4%, further intensifying market fears.
Investor panic led to a sell-off that also dragged down the crypto market.
In the last 24 hours:
- Bitcoin (BTC) plummeted 7.2%, falling below $89,000. It is now trading at $88,982, amplifying uncertainty.
- Ethereum (ETH) suffered an even steeper drop of 9.71%, sinking to $2,426, with analysts warning of further downside risk.
- XRP experienced the worst losses, plunging 10.97% to $2.21.
Total liquidations in the last 24 hours reached a staggering $1.48 billion.
JUST IN: $1,480,000,000 liquidated from the cryptocurrency market in the past 24 hours.
— Watcher.Guru (@WatcherGuru) February 25, 2025
Crypto Market on the Edge
The crypto sector is now walking a tightrope as macroeconomic uncertainty and financial market volatility push prices lower.
- Binance adds to the bearish sentiment, having reportedly sold large amounts of Ethereum (ETH), Solana (SOL), and even TRUMP tokens.
- When the world’s largest exchange dumps major holdings, it’s rarely a positive signal.
- Fear of an extended correction is growing, as traders brace for potential long-term downside pressure.
Is There Hope for a Market Rebound?
Despite the growing fear, not all is lost.
Bitcoin must hold above $85,000—this is a critical level where institutional investors could step in as buyers and prevent further declines.
Michael Saylor’s MicroStrategy isn’t worried. The company recently purchased 20,356 BTC for $1.99 billion, at an average price of $97,514 per Bitcoin.
MicroStrategy’s total Bitcoin holdings now stand at 499,096 BTC, acquired for $33.1 billion at an average price of $66,357 per BTC.
Will other institutional players follow MicroStrategy’s lead?
If large investors continue accumulating BTC, the market could regain momentum. However, if selling pressure persists and macroeconomic conditions remain unfavorable, Bitcoin could enter a prolonged consolidation phase, while altcoins may face even steeper losses.
Final Thoughts – A Temporary Dip or the Start of a Bear Market?
- Trump’s aggressive trade policies have sparked panic across financial markets, dragging crypto down with them.
- Bitcoin must hold above $85,000 to avoid deeper losses.
- Institutional support, led by MicroStrategy, could provide stability—but uncertainty remains.
Will Bitcoin recover, or are we witnessing the start of a prolonged crypto winter? The next few weeks will be crucial in determining the future trajectory of the market.
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