The cryptocurrency market has collapsed again under the influence of political decisions, including the price of Bitcoin. Total losses of investors are estimated at tens of billions of dollars. Read about why the cryptocurrency market collapsed,

Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets seeing values fall more than 10%.

In a surprising shift, U.S. President Donald Trump has embraced a pro-cryptocurrency stance, particularly favoring Bitcoin. During his 2024 campaign, Trump announced plans to establish a U.S. strategic Bitcoin reserve and transform America into a global leader in Bitcoin mining.