Odaily Planet Daily reports that following the announcement by former U.S. President Trump of plans to impose a 50% tariff on imports from the European Union and a 25% tariff on Apple's iPhone, the crypto market experienced significant volatility. Bitcoin prices rapidly dropped from levels above $111,000, causing turmoil in crypto market sentiment.

Data from Coinglass shows that in the past 24 hours, the total liquidation of long positions in cryptocurrencies has exceeded $500 million, with Bitcoin futures liquidations at approximately $182 million and Ethereum futures liquidations close to $142 million. Analysts believe this correction occurred just as Bitcoin gained momentum from ETF inflows and rising institutional interest, highlighting the significant impact of macro policy changes on the crypto market. (CoinDesk)

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Odaily Planet Daily reports that the crypto market experienced significant volatility following the announcement by former U.S. President Trump of plans to impose a 50% tariff on imports from the European Union and a 25% tariff on Apple's iPhones. Bitcoin's price rapidly fell from above $111,000, causing turbulence in market sentiment.

According to Coinglass data, over the past 24 hours, the total liquidation of long positions in cryptocurrencies has exceeded $500 million, with Bitcoin futures liquidations around $182 million and Ethereum futures liquidations close to $142 million. Analysts believe this correction occurred as Bitcoin gained momentum from ETF inflows and rising institutional interest, highlighting the significant impact of macro policy changes on the crypto market. (CoinDesk)

Analysis: Trump's tariff threats trigger turbulence in the crypto market, with long positions liquidations exceeding 500 million USD in 24 hours