Nearly $980 million was wiped off the crypto market in 24 hours as US tariff wars escalated.
The crypto market erased all gains from President Trump’s US Crypto Strategic Reserve announcement, plunging by over 14.7% in 24 hours to reach $2.64 trillion on March 4.
Top cryptocurrencies and their 24-hour performances. Source: Messari
Several factors have contributed to the latest drop in crypto prices, including: