Trump’s Tariffs Trigger $600M Bitcoin Liquidations

Over $600 million in long positions were liquidated as Bitcoin fell to a three-week low due to President Trump’s surprise tariffs, impacting the global crypto market significantly.

The liquidation highlights vulnerability in leveraged cryptocurrency markets, pointing to geopolitical events as major influencers on digital asset stability, leading to a drastic reduction in market capitalization.

President Trump’s tariff imposition led to a $600 million liquidation of Bitcoin long positions, causing the cryptocurrency to hit a three-week low. Markets felt immediate ripple effects from this geopolitical decision.

President Donald Trump initiated new tariffs, leading to widespread market turmoil . This decision impacted the financial ecosystem, including the crypto sector, as traders swiftly reacted to the news. The absence of official remarks from leading crypto executives was notable.

Over 158,000 traders experienced liquidations, causing a massive outflow of $110 billion from the crypto market within 12 hours. Bitcoin fell by 6.5%, with Ethereum and altcoins also suffering significant losses.