Bitcoin dropped over 2.5% to $114,322 after the U.S. announced new tariffs on Canada and dozens of other countries. This came just hours after the Fed kept interest rates unchanged, a decision that initially gave $BTC a short-lived bounce.
What followed?
Dow Jones closed down 330 points
Asian markets opened in the red
BTC lost momentum and tumbled
Ethereum also dropped 4.4% to $3,686
XRP dipped but recovered to $2.99
Over $1B in long positions liquidated
Coinglass data shows:
$925M in long liquidations
$142M from BTC
$166M from ETH
Most traders were expecting a breakout, but got caught in a sharp correction instead.
As global tensions and trade policies tighten, risk assets are taking a hit. Stay cautious.
