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Trump said,

$500 million is gone!

The entire cryptocurrency market is like a barrel of gunpowder that has been ignited, exploding in chaos!

Trump announced plans to impose a 50% tariff on EU imports, including a 25% tariff on Apple iPhones. As soon as this news broke, the cryptocurrency market experienced an instant 'earthquake'. Bitcoin prices, which were previously comfortably above $111,000, plummeted in an instant, leaving the entire market in panic.

According to CoinGlass data, in the past 24 hours, this storm has caused severe losses for cryptocurrency bulls, with a total liquidation exceeding $500 million. Among them, Bitcoin futures liquidation amounted to approximately $182 million, while Ethereum futures liquidation was nearly $142 million. Bitcoin was originally gaining momentum due to ETF inflows and institutional favor, but unexpectedly, Trump's 'stick' caught the market off guard. This once again proves that even slight fluctuations in macro policies can have a significant impact on the cryptocurrency market. How will the market develop next? Will it rebound from the bottom, or continue to decline? Everyone is waiting to see.