US EditionCrypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls
- Crypto markets experienced a sharp sell-off on May 23, 2025, triggered by President Trump's announcement of a 50% tariff on European Union imports starting June 1.
- The tariff threat reignited fears of escalating trade tensions, causing traders betting on higher crypto prices to liquidate long positions across multiple assets.
- Over $563 million in futures positions were liquidated within 24 hours, with Bitcoin alone accounting for $153 million and Ether $144 million, while Solana, Dogecoin, and SUI saw $10 to $18 million each.
- Skew, a well-known crypto trader, characterized the recent market activity as a significant wave of liquidations of leveraged long positions and reduction of risk in spot holdings, all triggered once again by headline news, highlighting the prevailing market mood during the sell-off.
- The sell-off caused Bitcoin to drop 4% to about $107,000 before partially recovering to $108,255, indicating persistent underlying demand despite short-term volatility and renewed uncertainty.
28 Articles
28 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 […]
CoinStats - Bitcoin Price Analysis: BTC Looks To Reclaim ...
Bitcoin (BTC) registered a dramatic collapse on Friday after President Trump threatened to impose a 50% tariff on all goods imported from the European Union after growing frustration around ongoing trade talks. Trump took to Truth Social to announce the measures and threatened a 25% levy on imported Apple iPhones. As a result, the flagship cryptocurrency plunged to a low of $106,816 before recovering on Saturday and during the ongoing session. …
Bitcoin Surges Amid Tariff Announcement
The post Bitcoin Surges Amid Tariff Announcement appeared on BitcoinEthereumNews.com. Bitcoin‘s recent surge has triggered a ripple effect throughout the cryptocurrency market, only to be followed by a sharp decline. The dramatic price movements in the digital currency realm have left investors scrambling to reassess their strategies. The volatility observed is deeply intertwined with both technical factors and broader macroeconomic influences. …
Bitcoin Pulls Back After Trump Tariff Shock, But Bullish Trend Holds
Bitcoin hit $111K before dropping after Trump’s new tariff warning. Analysts see a bullish retest if support zones hold firm. Bitcoin’s bigger uptrend still has weeks left. Bitcoin recently touched a new all-time high near $111,000 before experiencing a short-term pullback today. The sudden drop was triggered by President Donald Trump’s announcement of possible new tariffs, including a 25% tariff on iPhones not made in the U.S. and a proposed 50…
Is Trump's Latest Tariff Threat Crushing Bitcoin Bulls? Crypto Market Sees 500M Loss as BTC Holds Near $108K
Bitcoin, the world’s leading cryptocurrency, took a sharp turn this week, dipping below $108,000 and triggering more than $500 million in liquidations across the broader crypto market. The downturn came swiftly after former President Donald Trump floated the idea of slapping a 50% tariff on imports from the European Union, blaming stalled trade negotiations. That one comment was enough to send waves through global financial markets—and cryptocur…
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