Crypto prices are plummeting, with Bitcoin dipping below $85,000 and Ethereum nearing $2,000 amid growing tariff concerns. The Best Wallet presale has generated nearly $11 million.

Over the weekend, Bitcoin and Ethereum experienced a surge following reports of a proposed U.S. crypto reserve, but the increase was brief.

Why Crypto Is Crashing Now

On March 3, 2025, the crypto market faced a significant downturn, with Bitcoin trading below $85,000 and Ethereum around $2,070. Other coins reported double-digit losses in a single day, leading to a market capitalization drop of about 12%, falling to $2.86 trillion.

Concerns about tariffs are affecting both the crypto and equity markets simultaneously. The Trump administration implemented a 25% tariff on imports from Canada and Mexico, alongside a 10% tax on energy products, and an additional 10% on Chinese imports, effective March 1. This has raised fears regarding restricted goods flows, linking the sharp declines in crypto prices to rising tariffs.

Despite these challenges, there is hope for market recovery through potential peace prospects between Russia and Ukraine, which could help lower energy costs and thus inflation.

Time To Buy Best Wallet Token?

As crypto values drop, investors are seeking alternatives, and the Best Wallet, a non-custodial wallet, is grabbing attention. Currently valued at $0.0242, the presale has amassed nearly $11 million. Best Wallet aims to challenge established non-custodial wallets like MetaMask and Coinbase Wallet, benefiting from a growing user base of over 500,000 as of now.

With substantial capital raised and unique features that simplify access to exclusive presales, Best Wallet may see further growth in the future.