Trump’s new tariffs caused $2 billion in liquidations
Most coins effectively lost all gains they made post-Donald Trump's election victory.

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However, the same unrealized gains from BTC holdings could lead to surprise tax liabilities under CAMT regulations, posing financial challenges for corporations.
Tether's gold and Bitcoin stash generated $5 billion in unrealized profits, roughly 40% of last year's amount.
The approval of spot Bitcoin ETFs and favorable regulatory landscape in the US may change the crypto market dynamics.
Bitwise ETF approval in record time has raised expectations for other crypto-based products.
The Grayscale XRP Trust currently holds $16 million in assets under management, representing 1.2% of the total from XRP ETPs.
In addition to a bill establishing a Bitcoin reserve, Logan Manhart urged State Investment Council to explore Bitcoin as a hedge against inflation.