加密货币暴跌
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Trump's tariff threat triggers turbulence in the crypto market! Bitcoin falls below $110,000, with $100 billion in market value evaporated
U.S. President Trump's tariff policy 'black swan' strikes the crypto market! On Friday, Trump suggested imposing a 50% universal tariff on the EU starting June 1. As soon as the news broke, Bitcoin (BTC) plummeted sharply, quickly falling below the $107,000 mark from above $110,000, with a maximum daily drop of over 2%, bringing its market value down to $2.15 trillion.
Although it later rebounded slightly above $108,000, panic spread throughout the entire crypto ecosystem, with over $100 billion in funds withdrawn in a single day, shrinking the total market value from nearly $3.7 trillion to $3.5 trillion.
Looking back at this week, Bitcoin was in a historic upward channel. After breaking through the January high of $109,100 on Wednesday, it soared to a historic high of $112,000 on Thursday, 'Pizza Day,' with market sentiment at one point soaring high.
However, policy risks quickly reversed the trend, and Trump's tariff threats exacerbated macroeconomic uncertainty. Investors are concerned that trade friction may trigger volatility in traditional financial markets, which could then transmit to crypto assets.
On-chain data shows that an hour after the news was released, there was a surge in panic selling orders for BTC, reflecting the market's sensitive response to geopolitical risks.
Altcoins have also plummeted across the board: Ethereum (ETH) fell over 5%, dropping below the $2,600 mark; popular coins like Dogecoin (DOGE) and Cardano (ADA) saw declines of over 7%; Binance Coin (BNB) and Ripple (XRP) also fell by 2.75% and 4%, respectively. Market analysis indicates that highly volatile coins are more sensitive to external shocks, and this widespread drop is not only a reaction to Bitcoin's correction but also exposes the vulnerability of the altcoin market in the face of risk events.
Notably, Bitcoin's market cap still accounts for 64%, indicating that funds still tend to flow into top assets for safety amidst turmoil. However, analysts warn that if tariff policies escalate further, it may trigger tightening liquidity in global markets, and cryptocurrencies could continue to face pressure in the short term.
Do you think Trump's tariff threat will become the 'turning point' in this round of the crypto market bull run? In the face of this policy black swan, would you choose to hold and observe or adjust your positions?
#加密货币暴跌 #特朗普关税 #比特币行情
U.S. President Trump's tariff policy 'black swan' strikes the crypto market! On Friday, Trump suggested imposing a 50% universal tariff on the EU starting June 1. As soon as the news broke, Bitcoin (BTC) plummeted sharply, quickly falling below the $107,000 mark from above $110,000, with a maximum daily drop of over 2%, bringing its market value down to $2.15 trillion.
Although it later rebounded slightly above $108,000, panic spread throughout the entire crypto ecosystem, with over $100 billion in funds withdrawn in a single day, shrinking the total market value from nearly $3.7 trillion to $3.5 trillion.
Looking back at this week, Bitcoin was in a historic upward channel. After breaking through the January high of $109,100 on Wednesday, it soared to a historic high of $112,000 on Thursday, 'Pizza Day,' with market sentiment at one point soaring high.
However, policy risks quickly reversed the trend, and Trump's tariff threats exacerbated macroeconomic uncertainty. Investors are concerned that trade friction may trigger volatility in traditional financial markets, which could then transmit to crypto assets.
On-chain data shows that an hour after the news was released, there was a surge in panic selling orders for BTC, reflecting the market's sensitive response to geopolitical risks.
Altcoins have also plummeted across the board: Ethereum (ETH) fell over 5%, dropping below the $2,600 mark; popular coins like Dogecoin (DOGE) and Cardano (ADA) saw declines of over 7%; Binance Coin (BNB) and Ripple (XRP) also fell by 2.75% and 4%, respectively. Market analysis indicates that highly volatile coins are more sensitive to external shocks, and this widespread drop is not only a reaction to Bitcoin's correction but also exposes the vulnerability of the altcoin market in the face of risk events.
Notably, Bitcoin's market cap still accounts for 64%, indicating that funds still tend to flow into top assets for safety amidst turmoil. However, analysts warn that if tariff policies escalate further, it may trigger tightening liquidity in global markets, and cryptocurrencies could continue to face pressure in the short term.
Do you think Trump's tariff threat will become the 'turning point' in this round of the crypto market bull run? In the face of this policy black swan, would you choose to hold and observe or adjust your positions?
#加密货币暴跌 #特朗普关税 #比特币行情
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