Trump Tariffs Spark Market Panic as Crypto Fear Index Hits Extreme Levels'

- President Trump Announces 25% Tariff on Canada and Mexico - Cryptocurrency Market in 'Extreme Fear,' Crypto Fear & Greed Index Scores 25 [Unblock Media] Recently, U.S. President Donald Trump announced the imposition of a 25% tariff on Canada and Mexico, significantly impacting global financial markets and the cryptocurrency market. On February 24, President Trump declared in a meeting with French President Emmanuel Macron that the 25% tariffs on Canadian and Mexican products would be enforced as planned. This announcement has increased uncertainties regarding the global supply chain and trade, heightening investors' risk aversion. In this context, the 'Crypto Fear & Greed Index,' which reflects investment sentiment in the cryptocurrency market, recorded a score of 25 on February 25, indicating a state of 'Extreme Fear.' This is a significant drop from the previous day's score of 49 (neutral), showing a sharp rise in investors' anxiety. The price of Bitcoin is also on a downward trend. Currently, the price of Bitcoin is $9,295, a decrease of approximately 3.87% compared to the previous day. This is the lowest level since November of last year, with the economic uncertainty caused by the tariff imposition increasing investors' preference for safe assets, leading to an outflow of funds from the cryptocurrency market. The overall market capitalization of cryptocurrencies has also decreased, dropping by about 8% from $3.31 trillion to $3.09 trillion. This trend indicates that investors are moving their funds to safer assets in response to the economic uncertainties brought on by the tariffs. The reaction among cryptocurrency traders has been immediate. Twitter user 'Chart Davidson' (@ChartDavidson) commented, "Trump is something else. First, he nukes a massive crypto rally with not one but TWO MEME coins. And then he nukes the rest of the market with tariffs. Bravo, Mr. TRUMP. You did it." This highlights the frustration and sarcasm among traders regarding the impact of Trump's policies on the market. The U.S. stock market is also affected. The SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 Index, is currently at $597.21, down approximately 0.46% from the previous day. The Invesco QQQ Trust (QQQ), which follows the Nasdaq Composite Index, is also down, currently at $519.87, a drop of about 1.17% from the previous day. This highlights the negative impact of the tariff announcement on the stock market due to economic uncertainty. This situation demonstrates the significant influence of economic and political factors on the cryptocurrency and overall financial markets.