CoinEx Daily: Bitcoin Plunges; Trump Imposes New Tariffs

Overview

BTC dropped to a low of $91,000; White House officials stated that energy products from Canada will only be subject to a 10% tariff, but energy products imported from Mexico will face a 25% tariff. President Trump mentioned that he will certainly impose new tariffs on the European Union.

Daily Macro

Bitcoin Market Status:  Bitcoin crashed to $91,000; Ethereum briefly fell to $2,150, and the BTC/ETH exchange rate hit a new low.

Bitcoin ETF Activity: $319 million net inflow last Friday.

Ethereum ETF Activity: $27.8 million net inflow last Friday.

Macroeconomic Data: Trump’s tariff announcement caused a major market shock on Monday, with Mexico and Canada vowing “retaliation.” The crypto market saw massive capital outflows.

Daily Focus

FARTCOIN

Reason for Focus: Despite the major market drop, FARTCOIN performed relatively well.

Related Token Performance (24H):

FARTCOIN：: +13%

Market Analysis: During panic sell-offs, FARTCOIN’s community confidence and market sentiment remain strong, suggesting a strong consensus for this token.

Next Focus

USA

Reason for Focus: According to Bloomberg, Caroline Bowler, CEO of BTC Markets, stated, “Trump’s tariff policy is affecting the entire market, and concerns about the trade war and stagflation triggering a recession are spreading to altcoins and the Bitcoin market.”

Market Analysis: The altcoin market is bearing the brunt, and today’s drop is causing panic across the market.