Crypto market shaves off $230 billion as Trump’s tariff on Mexico, Canada weighs on Bitcoin and altcoins
- 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.
Bitcoin (BTC) fell below $92,000 on Monday, stretching the crypto market’s decline by 8% following US President Donald Trump’s expectations for US tariffs on Mexico and Canada to begin on March 4.
Meanwhile, Solana (SOL) saw double-digit losses, causing its price to slump below $150 as Lazarus Group’s Bybit hack has also been linked to Pumpfun meme coins.
