The cryptocurrency market experienced a decline of over 2% following President Trump’s announcement of new tariffs. Bitcoin’s price settled around 95,000 USD, having momentarily surpassed 100,000 USD.

Ethereum’s valuation dropped 3.6%, bringing it to around 2,550 USD. Additionally, Solana memecoins were severely impacted, with the GMCI Solana Memes index witnessing a notable 10% decrease.

The tariff escalation forms part of Trump’s ongoing trade war, causing market instability. With the Super Bowl on the horizon, many crypto companies are opting out of advertising despite the event’s high visibility.