As CNBC reported, this drop ushered in a wave of long liquidations, forcing traders to sell their assets at market price to settle their debts, bringing prices down further. Bitcoin saw $228 million in liquidations across centralized exchanges over a 24-hour period, the report said, citing CoinGlass, while ether saw $262 million.
The dip in prices followed an uptick in investor caution following President Donald Trump’s issuance of new tariffs, leading to concerns about inflation and the Federal Reserve’s ability to lower interest rates, the report added.
At times of broad based derisking, the report notes, crypto often falls as investors sell…
Aug 04 2025
