based on materials from the site - By CoinoMedia
In the last 24 hours, cryptocurrency markets have suffered greatly: nearly 1 billion dollars were liquidated on major exchanges. The catalyst was a combination of political uncertainty and weak economic indicators.
President Donald Trump made headlines by promising to impose aggressive tariffs on Chinese imports if reelected. Investors in global markets, including cryptocurrencies, reacted cautiously, leading to a sell-off of risk assets. Tariffs often signal economic slowdowns and inflationary pressures, which can deter speculative markets like cryptocurrencies.
But this was not the only factor. The latest employment report in the US showed disappointing job data, indicating a possible cooling of the labor market. Weak employment data generally points to a reduction in consumer spending and overall economic instability, further weakening investor sentiment.
Liquidations of cryptocurrencies totaling nearly 1 billion dollars
Cryptocurrency markets reacted quickly. In just one day, over 900 million dollars were liquidated, leading to a complete disappearance of long positions in Bitcoin, Ethereum, and altcoins like Solana and XRP. Bitcoin briefly fell below key support levels, while Ethereum also showed a sharp decline.
Major leveraged traders suffered the most as exchanges automatically sold secured positions to cover losses. Binance, OKX, and Bybit reported the highest volumes of liquidations, with nearly half of the total volume accounted for by Bitcoin.
Such sudden liquidations reflect the volatility inherent in cryptocurrency trading and how external macroeconomic events can trigger large chain reactions in the prices of digital assets.
Due to mixed signals from the US economy and rising political tensions, traders are likely to remain cautious. Analysts suggest that a period of consolidation may follow, but if new negative macroeconomic data emerges, further declines are possible.
Currently, crypto investors are strongly advised to manage leverage carefully and closely monitor global economic indicators.
$BTC , $XRP , $BNB
#Сryptomarketnews , #TrumpTariffs
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