US Edition
Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls
- Over $300 million in long cryptocurrency positions were liquidated within four hours due to a sell-off triggered by tariff announcements on May 23, 2025.
- The sell-off followed President Trump's proposal of a 50% tariff on European Union imports, scheduled to start June 1, which renewed fears of escalating trade tensions.
- Long positions in Bitcoin saw liquidations totaling $107 million, Ethereum experienced close to $87 million wiped out, and other cryptocurrencies such as Solana, Dogecoin, and SUI faced losses ranging from $10 million up to $18 million across centralized exchanges.
- The tariff announcement pushed Bitcoin down 4% to around $107,367 before a partial recovery near $108,255, while major altcoins and smaller-cap tokens fell between 3% and 7%.
- This liquidation event rekindled market volatility reminiscent of prior trade conflicts, suggesting ongoing tariff risks continue to impact both traditional and cryptocurrency markets broadly.
16 Articles
16 Articles
Bitcoin Retreats 4% as Trump's EU Tariff Threat Triggers $560M Liquidation Wave
Bitcoin plummeted 4% to $107,367 on May 23 after President Trump announced sweeping 50% tariffs on European Union imports, sparking the largest cryptocurrency liquidation event in months. The digital asset has since recovered to $108,255 but remains well below recent all-time highs above $112,170. Trump’s tariff declaration on Truth Social immediately triggered panic across global […]
Crypto Crash: Bitcoin Falls to $108K After Trump’s EU Tariff Threat - Coin Surges
The post Crypto Crash: Bitcoin Falls to $108K After Trump’s EU Tariff Threat appeared first on Coinpedia Fintech News Bitcoin has plunged 4.5% in the last 24 hours as it fell to $108,000 after Trump threatened to hit the EU with tariffs. The sharp sell-off wiped out around $638 million in leveraged positions, as per data from Coinglass. Trump said that he is not going to make a deal with the EU but hinted that he might delay the tariffs if the E…
Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats
Bullish crypto bets lost over $500 million in the past 24 hours as traders took profits and markets slid following President Donald Trump’s fresh threats of tariffs on European imports and Apple products, sparking a wave of liquidations. Bitcoin, which had been trading above $111,000, dropped…
Bitcoin Drops To $107K As Trump Tariff Threats Rattle Risk Assets - FinanceFeeds
Bitcoin slid sharply Friday as traders reacted to fresh U.S.-EU trade tensions sparked by President Donald Trump, who proposed sweeping new tariffs starting next month. The cryptocurrency tumbled as much as 4% to $107,367 before paring losses. At last check, Bitcoin was trading around $108,750, with $110,000 now acting as a key resistance level. The drop followed Trump’s post on Truth Social declaring trade talks with the EU were “going nowhere”…
Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M - WorldNL Magazine
Key points:Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.BTC price action dives up to 4% before recovering with $110,000 now a resistance level.Traders demand that price holds higher levels going forward to protect bullish momentum.Bitcoin (BTC) saw flash volatility into the May 23 Wall Street open as news headlines liquidated longs.BTC/USD 1-hour chart. Source: Cointe…
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