Bitcoin Plunges Below $115K as Trump Tariffs Trigger $705M in Liquidations
Bitcoin fell sharply below $115,000 following Trump’s aggressive tariff announcement, sparking over $705 million in long position liquidations. This unexpected market move hit traders hard as major altcoins also followed the downturn. Analysts point to increased uncertainty in global trade and investor sentiment shifting to risk-off mode. The tariff blitz has intensified fears of economic instability, with crypto once again caught in the crossfire. Traders are now eyeing $110K as the next support level. Will Bitcoin recover, or is more downside coming?
What’s your take—was this dip overdue or just market overreaction? Let us know in the comments.
