Crypto markets collapsed during the last hours of the US session on Monday (24), causing millions in settlements while Bitcoin (BTC) continued its fall. The collapse followed reports on US President Donald Trump’s fares against Mexico and Canada, triggering a massive sale.

This is the second case in which the president’s rates influence crypto markets, highlighting Bitcoin’s growing reaction to macroeconomic events.

BTC and Crypto markets react to tariffs

The US president said the US was “on time with tariffs” over Canada and Mexico. According to Reuters, this followed an investigation into whether they would be applied to Canadian and Mexican products when the deadline for a break arrives next week. In response, Trump would have expressed his opinion that his neighbors and allies treated the US badly.

We are on time with tariffs, and it seems that this is advancing very quickly… We were very mistreated by many countries, not just by Canada and Mexico. We were enjoyed, Reuters reportedciting Trump in the White House.

Shortly after this report, the price of Bitcoin fell below the limit of $ 92,000. Similarly, the crypto markets collapsed, with total capitalization losing up to 7% of their value. Meanwhile, Coinglass data show that the collapse resulted in almost $ 1 billion in total settlement in the crypto industry.

In the last 24 hours, 299,006 traders have been settled, total liquidations total US $ 918.18 million, Coinglass he has indicated.

The data also show that most REKT positions were long, as the price of Bitcoin fell to $ 91,514. This is not the first time the narrative of Trump tariffs influences crypto markets.

In fact, more than $ 2 billion were eliminated in early February, causing a historical settlement event. As Beincrypto reported, the incident followed President Trump imposing A 25% rate on imports from Canada and Mexico.

After reports of a truce in his rates, the crypts have recovered. The Bitcoin prize at Coinbase fired for a local peak shortly after the break three weeks ago. These events are aligned with a recent JPMorgan research, which showed that tariffs and inflation would be the main market influences in 2025.

Eddie Wen, JPMorgan’s global chief of digital markets, also cited market fluctuations in response to new headlines on Trump administration plans, citing “Impulsive reactions in the market.”

In the midst of these corrections, however, Microstrategy President Michael Saylor saw the recent collapse as an opportunity to buy BTC with a discount. His recent comments, “Bitcoin on sale,” are aligned with those of Robert Kiyosaki.

As Beincrypto reported, the author of rich father, poor father urged investors to buy BTC while the markets collapse, calling it an ideal time to build wealth amid global economic uncertainty.

Meanwhile, James, an X -popular crypto analyst, stressed that Trump eliminated up to $ 734 billion from the crypto market since his second term began on January 20.

Trump has eliminated 20% of the crypto market since taking office. 734 billion dollars, James he wrote no X.

Until the publication of this text, Bitcoin fell 3.4% since the opening of the Tuesday session (25), being negotiated for US $ 92,047.