Global markets experienced a great concussion when US President Donald Trump put into effect new customs tariffs. In particular, additional taxes brought to 25 %of automobile imports and at least 10 %to general exporters affected the economies of Asian and European Union. These developments have led to harsh fluctuations in crypto money markets, and in the last 24 hours, hundreds of millions of dollars of liquidation took place.
US tariffs shook the crypto market: 450 million dollars of processing positions were liquidated
US President Donald Trump implemented new tariffs that shook the markets by applying 25 %of automobile imports and at least 10 %customs duties to all exporters. These new taxes, including Asia and the European Union, were increased by 50 %for some products from China and 26 %for some Indian goods. While these developments created a major fluctuation in global markets, crypto money markets were seriously affected.
With the entry into force of the tariffs, Bitcoin and other large crypto currencies initially earned short -term earnings, but this trend did not last long. Bitcoin exceeded the $ 87,000 level and gave investors hope that long -term impacts could be limited. Ethereum (ETH) and XRP have reached $ 1,900 and $ 2.15, respectively. Although technical analysis supports the expectations of rise in the short term, the market rapidly changed direction.
Bitcoin price declined
This fluctuation in the crypto market, especially futures trading investors in a difficult situation. Over the last 24 hours, a maturity of $ 450 million has been liquidated. Bitcoin futures led to $ 172 million with liquidation, while the Ethereum futures transactions were lost $ 120 million. In the Altcoin market, a position of approximately $ 50 million was closed.
Especially with the opening of the Asian markets, Bitcoin fell to 83,500 dollars and gave back all the earnings obtained in the previous days. Ethereum fell below $ 1,800. These movements show that the market has difficulty in determining direction and that uncertainty continues.
Large -scale liquidations in the futures market can often indicate the peak or bottom point of price movements. However, these recent liquidations show that market players are cautious about the current economic developments. Considering the US new tariffs and uncertainty in markets, crypto markets are expected to show high volatility in the short term.
