Bitcoin Slips Below $115K Amid Tariff Shock, $630M in Liquidations
Bitcoin dropped below the $115,000 mark, falling to around $114,250, as markets reacted sharply to the new U.S. tariffs announced by former President Trump. The announcement sparked a wave of profit-taking, leading to the liquidation of more than 158,000 leveraged positions—resulting in approximately $630 million in losses.
This downturn came despite earlier policy updates that had appeared favourable to crypto markets. However, the tariff news intensified investor concerns and failed to provide needed reassurance. With BTC now falling out of a three-week trading range, analysts point to the next key support level near $111,000—unless a rebound occurs soon.
