#TrumpTariffs #MerlinTradingCompetition $BTC

Crypto Markets Hit by $300M Liquidations Amid Tariff Tensions

The cryptocurrency market faced a sharp correction, with over $300 million in leveraged positions liquidated following renewed concerns over a potential U.S.-China trade war. The sell-off was triggered by fresh comments from former President Donald Trump, who suggested reintroducing tariffs on Chinese imports if re-elected.

Bitcoin (BTC) led the decline, dropping around 3% from near its all-time highs, as traders rushed to unwind positions. The sudden price movement triggered a wave of forced liquidations, primarily impacting bullish investors who had entered the market with high leverage.

Market analysts say the move highlights the vulnerability of crypto prices to macroeconomic developments and geopolitical risks. The tariff talk revived fears of global economic friction, spooking investors across risk assets, including cryptocurrencies.

While the market remains in a longer-term uptrend, the recent shakeout served as a reminder of the volatility that comes with leveraged trading and the broader sensitivity of digital assets to global headlines.