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Crypto Market Crashes and Faces Over $500M in Liquidations after Trump’s Tariffs
The recent market crash has seen over $500 million worth of liquidations across the crypto space, with many investors struggling to cope with the sudden shock. This unprecedented event has been linked to the impending announcement by President Donald Trump regarding new tariff measures.
As a result, investors have grown increasingly cautious, with traditional equity markets exhibiting notable caution and hesitation in the face of this uncertainty. On the other hand, the crypto market has experienced a cascade of liquidations, particularly among highly overleveraged positions tied to Bitcoin and Ethereum.
Bitcoin was hit the hardest, with an astonishing 176.86 million dollars in liquidations. Its price dropped to $83,164.95, representing a loss of 1.77% within the past 24 hours. Ethereum followed closely, with 91.18 million in liquidations now trading at $1,798.46 after a 3.86% daily decline.
The crypto community remains optimistic despite this setback. Despite short-term pain, the core technological fundamentals remain intact, blockchain offers a transformative solution to financial centralization, and institutional adoption has not slowed down.
Many analysts believe that this drop serves as a natural correction, clearing out speculative excess and strengthening the long-term foundation of the market.
Source: https://crypto-economy.com/crypto-market-crashes-and-faces-over-500m-in-liquidations-after-trumps-tariffs/
