Crypto Markets Hit Hard Amid Tariff Tensions

Bullish positions in the cryptocurrency market suffered over $500 million in losses following renewed tariff threats from President Trump. $TRUMP The announcement triggered a sharp decline in Bitcoin’s price, which in turn dragged down other major cryptocurrencies including Ether, Solana, XRP, and Dogecoin. $BTC

A notable highlight of the market turmoil was a massive $9.53 million BTC-USDT $USDC swap liquidation on OKX, underscoring heightened volatility and hinting at possible market inflection points.