$600M in Longs Wiped as BTC Crashes to 3-Week Low on Trump Tariff Shock
Aug, 01, 2025
< 1 min read
by Jordan Lyanchev
for CryptoPotato

Today, being August 1, means that many of US President Donald Trump’s tariffs against multiple nations are supposed to be enforced, which had a drastic impact on the cryptocurrency market.
Bitcoin, for one, dropped by several grand in a day to a multi-week low of under $114,500.
$600M in Longs Wiped as BTC Crashes to 3-Week Low on Trump Tariff Shock
Aug, 01, 2025
< 1 min read
by Jordan Lyanchev
for CryptoPotato

Today, being August 1, means that many of US President Donald Trump’s tariffs against multiple nations are supposed to be enforced, which had a drastic impact on the cryptocurrency market.
Bitcoin, for one, dropped by several grand in a day to a multi-week low of under $114,500.