US Tariff Decisions Shake Crypto Market: Bitcoin Plunges as Missouri Proposes Strategic Reserve

Tariff Shock and Mass Liquidations Uncertainties regarding US trade policies and increases in customs tariffs have triggered a sharp sell-off in the cryptocurrency market.
Donald Trump's decision to raise global tariffs from 10% to 15%, combined with US Supreme Court rulings on tariff authorities, increased volatility in risky assets.
Bitcoin, the leading cryptocurrency, fell from the $67,600 level to as low as $64,416, causing concern among investors.
This sudden drop led to significant losses in the futures market.
A total of $478.4 million in positions were liquidated, with $434.18 million of this amount consisting of "long" positions opened with expectations of a price increase.
According to current data, Bitcoin is attempting to stabilize around $65,525, while Ethereum is trading at $1,878, XRP at $1.36, and Solana at $78.79.
The total market capitalization of the crypto market has retreated to $2.25 trillion.
Last week, net outflows of $315.86 million were recorded from Bitcoin ETFs, and $123.37 million from Ethereum ETFs.
Missouri's Strategic Bitcoin Reserve Initiative Despite the market volatility, a significant step toward the institutionalization of cryptocurrencies was taken in the state of Missouri.
Bill 2080, introduced by Republican Representative Ben Keathley, proposes the establishment of a "Bitcoin Strategic Reserve Fund" within the state.
If the bill becomes law, the Missouri State Treasurer will be able to accept Bitcoin donations and hold these assets for at least five years.
The regulation also aims to pave the way for public institutions to accept digital assets for tax and fee payments.
With this move, Missouri joins states like Arizona, Texas, and New Hampshire in attempting to integrate digital assets at the state level.
SEC Flexibility in Stablecoin Regulation The US Securities and Exchange Commission (SEC) made a critical announcement regarding stablecoins in the capital adequacy calculations of brokerage firms.
The SEC set the "haircut" rate for stablecoin assets at 2%.
The elimination of the previously discussed 100% haircut possibility provides significant relief for institutions in net capital calculations and was welcomed by the market.