🚨Crypto Trader Liquidated US$1 Billion Overnight After Trump Announces Tariffs
The crypto market recorded massive liquidations amounting to US$1.07 billion or equivalent to Rp17.5 trillion in the last 24 hours. This was triggered by the announcement from the President of the United States (US) Donald Trump regarding the imposition of tariffs or import taxes on goods from Mexico and Canada.
In detail, the liquidation involved around 310,617 traders or doubled in number. The largest liquidation occurred in long positions, soaring to US$927.9 million, while short positions amounted to only US$139.5 million.
Furthermore, Bitcoin (BTC) contributed the largest share of liquidations at US$386 million, while Ethereum (ETH) accounted for US$206 million, and the "others" category reached US$114 million. On the other hand, Solana (SOL) fell by US$70.7 million and XRP (XRP) also decreased by US$61.6 million from the previous day.
This policy also impacted the crypto market, especially Bitcoin (BTC), which briefly touched a price of US$82 thousand.
#DonaldTrump $BTC