Author: Nancy, PANews
As Trump wields the "tariff stick", the global capital markets are caught in a violent vortex of turbulence. Macro-economic negative factors coupled with a liquidity crisis, whales' positions are continuously liquidated, panic selling is rampant, and long positions are severely damaged and leaving the market... This policy-induced storm once again subjects the crypto market to a severe survival test.
Crypto market washed out by tariff storm, whales liquidate positions
"Black Monday" strikes again globally. After Trump announced massive tariff increases, the financial market's reaction continues to ferment, with risk assets facing comprehensive sell-offs from traditional stock markets to crypto markets.
According to CoinGecko data, the global cryptocurrency total market value dropped 9.7% in the past 24 hours, shrinking to $2.53 trillion. Among them, BTC price once fell below $77,000, and ETH dropped below $1,600.
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