Crypto Market Sees $450M Liquidations Following US Tariff Announcement

Market volatility triggered by new U.S. tariffs led to $450 million in crypto futures liquidations across Bitcoin, Ethereum, XRP, and other altcoins. Bitcoin futures alone accounted for $172 million in liquidations, Ethereum contributed $120 million, and smaller altcoins added $50 million.

The tariffs imposed by the new admin disrupted global markets, causing steep price movements in cryptocurrencies. Long and short positions were liquidated almost equally, affecting over 160,000 traders. Bitcoin fell from $88,500 to $83,500, while Ethereum dropped below $1,900. XRP also experienced a 5% decline in price due to bearish sentiment and significant sell-offs by large holders yet holding grounds above 2 dollar mark.

This widespread liquidation reflects heightened market uncertainty and macroeconomic pressures stemming from the tariff announcement. And this environment makes a great opportunity for investors who want to get in on heavily discounted projects. 💯👀