Bitcoin's price has dropped below $93,000 amid market concerns following President Donald Trump's proposal for a 500% tariff on countries trading with Russia. The proposed legislation targets nations purchasing Russian energy, raising fears of a significant market correction. In the last 24 hours, $620 million in trading positions were liquidated, impacting over 152,000 traders. Ethereum is also under pressure, approaching the $3,000 mark after losing over 11% in the past week. Analysts caution that if the tariff is enacted, it could lead to further volatility, with potential declines of 10–20% in Bitcoin and major altcoins.