Bitcoin (BTC) Volatility Spikes as Traders Get Liquidated Post-Trump Tariffs Announcement

When the Trump tariffs began to be announced on Wednesday, Bitcoin shot up to just over $88,600. However, as it became clear that the tariffs were a lot more onerous than the market was expecting, the ensuing 7% dump caused a cascade of liquidations among traders as more than $6,000 was wiped off of the Bitcoin price in the space of around 4 hours.

Source: cryptodaily.co.uk

Related symbols: BTCUSD