As Trump tariffs on Mexico and Canada go into effect on March 4, the crypto market crashed, triggering more than $1.09 billion in liquidations in the last 24 hours. While Bitcoin is down over 10% in the last 24 hours, top altcoins like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) are all down by 15-25% in the last 24 hours. This shows that the hype of Trump’s US strategic reserves remains short-lived as investors brace for the reality.
Crypto Market Crash Sees Surge in Liquidations
Today’s crypto market crash has been one of the fastest falls on record, with more than $460 billion being eroded from the crypto market cap in 24 hours. As per the Coinglass data, the overall crypto liquidations have soared to more than $1.09 billion with BTC alone contributing more than $400 million.
The cryptocurrency market has experienced its most dramatic selloff of 2025, shedding a staggering $460 billion in just 24 hours. This translates to an average loss of approximately $19.1 billion
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