The crypto market experienced a significant decline following Donald Trump's tariffs on Mexico and Canada. We analyze market reactions amidst current events and the emergence of new micro-cap tokens.
Crypto Market Overview
The market shows serious panic due to tariff application, resulting in a 10% decrease in capitalization. Capital market participants react quickly to geopolitical events. Key metrics: 24h liquidations at $1.09B, market cap at $2.89T, BTC dominance at 57.70%.
Project Announcements
Major market players and projects are adjusting strategies due to market changes. Binance withdraws $USDT from European operations due to market instability and regulatory uncertainty. Zora plans an airdrop, while Nillion Network prepares its mainnet launch in March.
Small Cap Gainers
Several small cap tokens show stability and growth despite the overall market downturn. Top performers: $GOUT increased by 34.2%, $RBN by 25.0%, $ACT by 23.1%, $A1C by 14.1%, $OBSR by 12.8%. These tokens indicate consistent investor interest in projects with unique solutions.
The drop in market cap to $2.89T and $1.09B in liquidations confirms the link between geopolitical events and cryptocurrency prices. Exchange strategic actions and small cap successes demonstrate that innovation opportunities continue, despite market difficulties. Follow developments closely.
