news 
Title: $300B Wiped Out in Trump’s Crypto Market Pump and Dump
In a shocking turn of events, the crypto market has suffered a massive loss of approximately $300 billion over the past 36 hours, following President Donald Trump’s announcement of trade tariffs on Mexico and Canada. This unprecedented dump has wiped out all brief gains from his previous tweet that sent the market soaring.
The pump occurred on March 2 when Trump announced a proposed US crypto reserve, sending the market capitalization to over $3.2 trillion. However, this euphoria was short-lived as his subsequent announcement of tariffs resulted in an immediate and devastating dump, causing losses exceeding $300 billion.
Market capitalization has plummeted by almost 14% since Sunday evening, with Bitcoin (BTC) falling below $83,000 and Ethereum (ETH) dropping to just over $2,000. The crypto market’s fear and greed index has returned to extreme fear, indicating the heightened anxiety among investors.
The dump has also led to the closure of a massive $10,000 CME Bitcoin futures gap that opened over the weekend when traditional markets were closed.
This sudden downturn has caused immense suffering for traders who had bought into Trump’s earlier promises. It is crucial to stay informed about market news and trends to avoid such devastating losses.
Source: https://cryptopotato.com/300b-wiped-out-in-trumps-crypto-market-pump-and-dump/
