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Crypto market sees record $19 billion liquidation after Trump tariff
Cryptocurrency markets collapsed after President Trump announced a 100% tariff on Chinese tech imports, sparking the largest liquidation in crypto history. Over $19 billion was wiped out across major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin. Bitcoin briefly plunged below $102,000 before rebounding as panic selling subsided. Analysts said the sharp decline reflected heightened macro uncertainty and risk aversion, with traders cutting leverage exposure amid fears of escalating U.S.-China trade tensions.
Companies:
- Bank First Corporation
Tags:
- Cryptocurrency
- Bitcoin
positive
Crypto market sees record $19 billion liquidation after Trump tariff
Cryptocurrency markets collapsed after President Trump announced a 100% tariff on Chinese tech imports, sparking the largest liquidation in crypto history. Over $19 billion was wiped out across major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin. Bitcoin briefly plunged below $102,000 before rebounding as panic selling subsided. Analysts said the sharp decline reflected heightened macro uncertainty and risk aversion, with traders cutting leverage exposure amid fears of escalating U.S.-China trade tensions.
Companies:
- Bank First Corporation
Tags:
- Cryptocurrency
- Bitcoin
1 min read
72 words
Trump's tariff announcement sparked historic crypto liquidation, presenting buy opportunities amid short-term volatility.
Cryptocurrency markets collapsed after President Trump announced a 100% tariff on Chinese tech imports, sparking the largest liquidation in crypto history. Over $19 billion was wiped out across major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin. Bitcoin briefly plunged below $102,000 before rebounding as panic selling subsided. Analysts said the sharp decline reflected heightened macro uncertainty and risk aversion, with traders cutting leverage exposure amid fears of escalating U.S.-China trade tensions.
Cryptocurrency markets collapsed after President Trump announced a 100% tariff on Chinese tech imports, sparking the largest liquidation in crypto history. Over $19 billion was wiped out across major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin. Bitcoin briefly plunged below $102,000 before rebounding as panic selling subsided. Analysts said the sharp decline reflected heightened macro uncertainty and risk aversion, with traders cutting leverage exposure amid fears of escalating U.S.-China trade tensions.
Companies:
- Bank First Corporation
Tags:
- Cryptocurrency
- Bitcoin
- Cryptocurrency
- Bitcoin
- Ethereum
- Crypto Liquidation
- Trade Impact