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Why is Crypto Down Today? Markets Plunge as Trump Tariffs Trigger $450M Liquidation Cascade
By Oliver Dale at 2025-04-07 16:40
Sentiment: Negative
TLDR Trump imposed new tariffs including 10% minimum on all US importers with higher rates for major trading partners Bitcoin reached $88,500 before dropping to around $83,500, with similar drops in Ethereum and other cryptocurrencies Market volatility led to approximately $450-500 million in crypto futures liquidations Both long ($257M) and short ($232M) positions were affected [...] The post Why is Crypto Down Today? Markets Plunge as Trump Tariffs Trigger $450M Liquidation Cascade appeared first on CoinCentral. Continue reading...
Categories: Markets
Tags: #Markets #Politics
Source Coin Central