Monday evening buzzed with whispers across international channels as reports solidified Donald Trump’s intent to enforce tariffs targeting Mexico and Canada. “It will be very good for our country. Our country will be extremely liquid and rich again,” Trump declared to journalists, framing his stance with unflinching confidence.
“The tariffs are going forward on time, on schedule. This is an abuse that took place for many, many years. And I’m not even blaming the other countries that did this. I blame our leadership for allowing it to happen,” he concluded, casting blame inward rather than abroad.
Bitcoin stumbled to $91,362 by 6:58 p.m. ET, buckling under the weight of skittish trading behavior. The leading cryptocurrency has retreated 4.8% in 24 hours and 12.7% across the prior month, despite Michael Saylor’s X proclamation lauding a “bitcoin was on sale” after his firm Strategy acquired 20,356 BTC for $1.99 billion.
Derivatives markets mirrored the anxiety, with coinglass.com data revealing $140 million in long positions vaporized within four hours. The broader digital asset sphere faltered in tandem, shedding over 6% in value to dip beneath $3 trillion ($2.99 trillion). Ethereum and XRP each tumbled more than 10%, while SOL neared a 15% single-day decline.
