Bitcoin price slides as Trump’s tariffs spook markets
Bitcoin (BTC-USD) saw sharp volatility as global markets reacted to sweeping tariff announcements from US president Donald Trump. The cryptocurrency saw significant price swings, briefly rising above $87,000 (£66,172) before plunging as much as 5% from Wednesday’s highs.
Bitcoin (BTC-USD) has since stabilised, trading just above $83,500 — erasing all gains from earlier in the week.
Read more: Crypto live prices
The sell-off triggered over $180m in liquidations across bullish and bearish bitcoin bets on Thursday, according to data from CoinGlass. Bitcoin futures accounted for $62m in long and $118m in short liquidations. Ethereum (ETH-USD) futures saw $89m liquidated, with the majority long positions.
