Crypto markets violently crash after Trump’s latest tariffs
The crypto market witnessed more than $7.5 billion in positions liquidated within an hour following President Donald Trump’s decision to impose a 100% tariff on China.
As per the latest Coinglass data, $6.22 billion in long and $1.29 billion in short positions got wiped out during the period.
Bitcoin led with $1.83 billion in liquidation, followed by Ethereum with $1.68 billion, Solana with 614.38 million, and XRP with $432.46 million.
If we look at the past 24 hours, more than $9 billion has been liquidated from the crypto market. $7.5 billion in long and $1.5 billion in short positions got wiped out during the period.
Overall, 1.4 million investors liquidated their trading positions within the last 24 hours.
The…
