The introduction of new tariffs by the US in August 2025 has caused a sharp decline in the cryptocurrency market, affecting major assets like Bitcoin and Ethereum as well as various altcoins.
Impact of Tariffs on Cryptocurrencies
The new US tariffs, introduced in August 2025, have led to a global crypto market decline and triggered a risk-off sentiment among investors. Major cryptocurrencies like Bitcoin and Ethereum have experienced significant price drops amid these economic measures.
Consequences of Position Liquidation
Investors have faced immediate losses, with over $635 million in leveraged positions liquidated. Cryptocurrencies such as Bitcoin fell by 3%, significantly affecting traders in the market.
Market Awaits New Developments
The crypto market shows signs of destabilization, with market cap down by 3.82%. Traders are awaiting news on technological, regulatory, or financial changes that could stabilize the situation. As noted by Vikram Subburaj, CEO of Giottus Exchange, 'Bitcoin slid 3% to trade near $115,300 as fresh US tariffs and a major profit-taking wave put pressure on crypto.'
The escalation of trade tensions and the introduction of new tariffs raise significant concerns in the crypto market. The future of the market will depend on potential changes in monetary and trade policy.
