Bitcoin continued its downward trend this morning, falling below $80000 at the time of writing, with other altcoins experiencing even more severe declines. In the past 24 hours, a total of 166605 people worldwide have been liquidated, with a total liquidation amount of 667 million US dollars.

It is worth mentioning that Arthur Hayes, co-founder of the cryptocurrency trading platform BitMEX, only warned on social media X this morning about the possibility of Bitcoin falling below the $80000 mark:

In the current market trend, we are hitting a lower low. This morning, I considered increasing investment risk, but after observing the current price trend, I believe we will usher in the last wave of sharp decline, possibly below $80000, most likely to occur this weekend. The market will then be quiet for a period of time. Everyone, stay calm

This decline is not an independent market of cryptocurrency market, but the overall market impact caused by Trump's tariff policy. Trump announced on the community platform "True Social" yesterday that the tariff of Canada and Mexico would be implemented as scheduled on March 4, and that another 10% tariff would be imposed on China on the same day.

This statement has had a serious impact on the market, with major US stock indices closing down across the board. Among them, Huida's decline exceeded 8%, TSMC's ADR fell by 6.95%, and Meichao's decline approached 16%.