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Over $870M liquidated in 24 hours
The crypto market saw massive liquidations over the past 24 hours, totaling more than $871 million. The majority of losses came from long positions.
The trigger was a series of statements by Donald Trump regarding Greenland and potential new trade tariffs against the European Union. The market reaction was delayed, with the sell-off accelerating after the opening of Japanese markets and US futures.
Bitcoin dropped below $91,900, Ethereum fell under $3,200, while altcoins suffered even heavier losses.
#TariffTensionsHitCryptoMarket #CryptoMarketWatch