#TrumpTariffs
Trump’s tariff announcement, the crypto market experienced notable volatility and downward movement:
📉 Market Summary (Last 24 Hours)
1. Bitcoin (BTC) Drop – ~2.5–2.7% Down
Bitcoin fell from approximately $109,239 to $106,670, a decline of **$2,568 (about 2.35%)** .
Other sources confirm a ~2.7% drop, pushing BTC near the $108,500 mark .
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2. Altcoins Also Declined – 3–8% Range
Ethereum (ETH), XRP, Solana (SOL) dropped between 3%–4%, and in some reports even **5%–8%** .
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3. High Liquidations (~$500M in 24h)
About $500 million in crypto liquidations occurred within 24 hours, triggered by the sell-off .
Single largest liquidation: ~$9.5 million BTC-USDT swap on OKX .
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4. Price Levels & Support
Key Bitcoin support dropped to $106,670–107,000 before a minor rebound .
Resistance levels now stand at $108,300–109,000 .
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🧭 Why This Matters
Factor Impact
Tariff Fear Sparked a risk-off reaction—crypto acted like other risk assets
Liquidations Forced selling amplified volatility
Support Zones $106–107K acting as short-term floor
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✅ Key Takeaways
Bitcoin lost around 2.5–2.7%, and altcoins dropped 3–8% in 24 hours.
Major liquidations (~$500M) indicate systemic sell pressure.
If BTC holds $106K–107K, it may stabilize; a drop below could trigger further declines.