🚨 Bitcoin Dips 4% Amid Trump's EU Tariff Announcement, Triggering Over $300M in Liquidations
On May 23, 2025, Bitcoin (BTC) experienced a sharp decline, dropping to a low of $107,367 before rebounding. This 4% intraday drop coincided with U.S. President Donald Trump's announcement of a proposed 50% tariff on European Union goods, effective June 1.
The sudden market reaction led to significant liquidations, with over $300 million in leveraged positions wiped out within four hours and more than $500 million over a 24-hour period. This downturn also impacted traditional markets, with the S&P 500 and Nasdaq Composite Index falling by 1% and 1.2%, respectively.
Key Points:
· BTC/USD hit lows of $107,367 on Bitstamp before rebounding.
· Over $300 million in leveraged positions were liquidated within four hours.
· The S&P 500 and Nasdaq Composite Index fell by 1% and 1.2%, respectively.
POLL: How should traders respond to such geopolitical-induced volatility?
· 🛡️ Hedge positions with stop-loss orders
· 💹 Buy the dip
· 🧘♂️ Stay out until stability returns
· 🤔 Other (comment below)
💬 Your Thoughts: Share your strategies and tag fellow traders!
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