NFTX USD Price & Performance (NFTXUSD)

The cryptocurrency market has experienced a significant downturn following the implementation of tariffs by the U.S. President on imports from Canada, Mexico, and China. XRP, Bitcoin, and Ether have seen steep declines, with XRP dropping 16% and over $50 million in long positions liquidated. The global crypto market cap is down 8%.1

XRP has faced a sharp 16% decline, trading at $2.32 as of March 4. The sell-off was triggered by tariffs and significant liquidation of long positions, which exceeded $50 million. Bulls are focused on holding the $2.20 support level, as failure could lead to further declines toward $1.55.1

The cryptocurrency market suffered a $1 trillion valuation drop, with Bitcoin falling below $80,000. This comes amid a broader market sell-off driven by macroeconomic concerns. Other major cryptocurrencies, including XRP and Ether, also saw significant losses, reflecting widespread investor caution.2