Crypto Markets Wiped Out After Tariff Shock

[kevin1]

Trump’s tariff escalation triggered one of the sharpest crypto sell-offs of 2025. Ethereum plunged to $3,500 on Coinbase, while Solana collapsed under $140 on Binance futures.

Hyblock Capital analysts noted that “global 2x leverage on most altcoins was totally wiped out,” as traders faced cascading liquidations.

The global crypto market cap has now fallen to $3.64 trillion, down nearly 12% in just 24 hours.

[Abdul Khan]

The sudden tariff announcement blindsided markets — clear proof that macro policy still dominates crypto sentiment.

[Nahid Hossen]

A harsh reminder that crypto doesn’t exist in isolation; global economics still drive investor behavior.