Crypto Market Shaken: Bitcoin Nears $92K Mark And A Series Of Altcoins Face Decline

In the context of global financial market fluctuations, the cryptocurrency market (crypto) is also not immune to storms. Bitcoin - the leading digital currency - is currently struggling to maintain its price above the $100K mark and has only reached around $92,000 after a sharp drop that wiped out nearly $1 billion in liquidity from margin orders. The total cryptocurrency market value has decreased by about 7%, leading to significant losses for hundreds of thousands of investors. Causes of the sell-off despite nothing new This strong selling wave stems from information about new trade policies from the United States. President Donald Trump has just confirmed that the U.S. will begin to impose tariffs on goods imported from Canada and Mexico, after doubts arose as to whether the previous tariff delay had ended. According to him, the U.S. has been 'treated unfairly' by trading partners, and the tariff plan is being implemented as intended. As soon as this information was spread, the price of Bitcoin dropped below the $92K threshold, causing panic in the investment community. According to Coinglass data, about $918 million worth of liquidation orders were executed during this price drop, affecting nearly 300,000 traders, most of whom were long positions – meaning that investors betting on the price increase of Bitcoin suffered heavy losses. Customs Tax Policy and Inflation Pressure Shaping the Crypto Market in 2025 This is not the first time Trump's policies have shaken the crypto market. In February 2025, a similar announcement also caused the market to plummet by $2 billion. According to the latest survey from JPMorgan, factors such as tariffs and inflation will continue to be major concerns this year. Eddie Wen, Global Head of JPMorgan's digital market segment, said investors are very sensitive to any policy changes, leading to sudden market fluctuations. Buying opportunities in times of crisis Although the market is immersed in fear, many investors see this as a 'buying opportunity at a discount'. Michael Saylor, CEO of MicroStrategy, believes this is the golden time to accumulate Bitcoin. Similarly, renowned author Robert Kiyosaki - known for the work Rich Dad Poor Dad - also encourages investors to buy Bitcoin during market downturns. An analysis on the social network X ( previously known as Twitter) noted that since Trump began his second term on 01/20, the total crypto market value has decreased by $734 billion, equivalent to about 20% of the total value. Fluctuations of Altcoins Despite the heavy selling pressure on Bitcoin, some altcoins are attracting attention from investors: XRP: Leading the way with recent inflows of $38.3 million. Since mid-November, XRP has received a total of $819 million in investments, thanks to confidence in a favorable outcome from the SEC lawsuit. Solana, Ethereum, and Sui: These coins also recorded inflows of $8.9 million, $3.7 million, and $1.47 million respectively. Conversely, Bitcoin faced heavy outflows, with around $571 million withdrawn from investment products focused on Bitcoin. The heaviest losses Not only Bitcoin, some other altcoins are also heavily affected by the sell-off: Solana: After Bitcoin, Solana suffered the strongest blow with a 6.91% decrease, down to $158.98. Ethereum and Cardano: The respective decreases are 2.20% and 3.98%, as competition from smart contract platforms continues to increase. Meme Coins: Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are also not immune to the selling wave, with DOGE dropping 5.66% to $0.23 and SHIB dropping 4.37% to $0.00001487 as the hype storm passes and trading volume decreases. Conclude The current situation of the crypto market shows that external factors such as trade policies and concerns about inflation can have a strong impact on the value of digital currencies. While some investors see this as an opportunity to buy at a discount, long-term traders need to prepare psychologically to cope with unpredictable fluctuations. As economic and trade policies continue to undergo new adjustments, the crypto market will definitely continue to experience shocks, creating both risks and opportunities for the investment community.