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Crypto markets hit by $875 million liquidations after Trump tariff threats
Trump’s tariff threats on Europe triggered about $875 million in crypto liquidations and a Bitcoin drop, rattling broader risk assets.
President Donald Trump’s weekend tariff threats on eight European countries sparked an $875 million crypto liquidation wave, pushing Bitcoin down about 3% to near $92,000. Traders sharply reduced risk exposure amid geopolitical tension. Most forced closures were long positions. European leaders condemned the move, while analysts said the shock rattled risk assets broadly, with futures in major US and European markets also sliding.