$1,000,000,000 in Bitcoin and Crypto Liquidated As Trump Tariffs Take Effect
The crypto market is witnessing a fresh cascade of liquidations as President Trump’s tariff threats become reality.
Trump has officially implemented 25% tariffs against both Canada and Mexico, triggering a 500 point drop in the Dow, alongside small drops in the Nasdaq and S&P 500.
In the crypto market, liquidations crossed more than $1 billion in just 24 hours, with about 68% of the liquidations hitting traders going long, according to the crypto data aggregator CoinGlass.
Bitcoin’s volatile swings continue, with BTC touching $81,879 before rising to $86,400 at time of publishing.
The majority of liquidations hit BTC, followed by Solana (SOL), XRP (XRP) and Cardano (ADA).
The pseudonymous crypto analyst DonAlt says he’s now looking to see if Bitcoin can re-enter a range above $90,787 as a potential sign of strength amid a tumultuous week.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post $1,000,000,000 in Bitcoin and Crypto Liquidated As Trump Tariffs Take Effect appeared first on The Daily Hodl.
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$1,000,000,000 in Bitcoin and Crypto Liquidated As Trump Tariffs Take Effect
The crypto market is witnessing a fresh cascade of liquidations as President Trump’s tariff threats become reality.
Trump has officially implemented 25% tariffs against both Canada and Mexico, triggering a 500 point drop in the Dow, alongside small drops in the Nasdaq and S&P 500.
In the crypto market, liquidations crossed more than $1 billion in just 24 hours, with about 68% of the liquidations hitting traders going long, according to the crypto data aggregator CoinGlass.
Bitcoin’s volatile swings continue, with BTC touching $81,879 before rising to $86,400 at time of publishing.
The majority of liquidations hit BTC, followed by Solana (SOL), XRP (XRP) and Cardano (ADA).
The pseudonymous crypto analyst DonAlt says he’s now looking to see if Bitcoin can re-enter a range above $90,787 as a potential sign of strength amid a tumultuous week.
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post $1,000,000,000 in Bitcoin and Crypto Liquidated As Trump Tariffs Take Effect appeared first on The Daily Hodl.
Read More