Bitcoin Plummets Amid Trump Tariffs, Triggering $2 Billion Liquidation
- Bitcoin fell to a one-month low of $92,000 during Asian trading hours.
- Over $2 billion in liquidations affected more than 742,000 traders.
- Ethereum saw liquidations totaling $611 million, with $447 million from long positions.
- Bitcoin liquidations reached $411 million, including $340 million from long bets.
- A significant single liquidation on Binance wiped out a $25 million Ethereum trade.
The crypto market experienced a sharp downturn due to President Trump’s tariffs, causing widespread liquidations exceeding $2 billion. Ethereum and Bitcoin traders faced substantial losses from long positions.
Source (2.6.1)https://cryptoslate.com/trumps-new-tariffs-caused-2-billion-in-liquidations/?rand=24433
