Today, the cryptocurrency market experienced a significant decline, losing approximately $500 billion in market capitalization. The total market value dropped to around $3.1 trillion, down from over $3.6 trillion last Friday.  

The main reason for this crash was the announcement of new import tariffs by U.S. President Donald Trump on Mexico, Canada, and China, sparking fears of a potential trade war and rising inflation. Investors began shifting away from risky assets, including cryptocurrencies, leading to massive sell-offs.  

As a result, Bitcoin fell by 4.1%, reaching around $95,400, while Ethereum dropped by approximately 17% to $2,577.  

Additionally, comments from Federal Reserve Chairman Jerome Powell about expected inflation increases and limited interest rate cuts in 2025 further worsened market sentiment, contributing to the continued decline in cryptocurrency prices.