Due to the confirmation that the US-Mexico tariffs will take effect on the 4th, the US stock market was bloodbathed after opening last night, and the cryptocurrency market was also affected. Bitcoin plummeted from $93,600 to a low of $85,117, a drop of 9.96%, almost wiping out the gains brought by Trump's early morning tweet on "cryptocurrency reserves".
As of now, Bitcoin is currently trading at $86,185, with a 24-hour decline of 8.92%.
Ethereum Drops Below $2,100
The trend of Ethereum is similar to that of Bitcoin, with its price falling from $2,380 to a low of $2,097.91. As of now, Ethereum is trading at $2,153.88, down 15% in the past 24 hours.
231,000 Contracts Liquidated Across the Network, $820 Million
According to data from Coinglass, in the past 24 hours, the total amount of cryptocurrency liquidations across the network exceeded $820 million, of which long positions accounted for $698 million and short positions accounted for $122 million, with over 231,000 people being liquidated.
