The cryptocurrency market has faced a significant downturn, with Bitcoin losing its $100,000 threshold, largely due to new tariffs imposed by US President Donald Trump on Canada and Mexico. This resulted in a 9.7% decline in total market capitalization, falling to $3.07 trillion following massive liquidations exceeding $2.25 billion across the market. Specifically, traders liquidated over $1.87 billion in long positions in just 24 hours, marking one of the largest liquidation events in crypto history. Major cryptocurrencies like Ethereum and XRP suffered substantial losses, reflecting the broader market trend. The total market capitalization dropped over $700 billion within four days, losing key support levels as bearish momentum increases. Factors such as potential trade wars and heightened market volatility have driven investors to mitigate risks by selling off their holdings, contributing to this sharp decline. Analysts are now observing key support levels for potential recovery as the market attempts to stabilize amid these pressures.

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