Bitcoin and Altcoins Experience Significant Drop as China Responds to U.S. Tariffs
Total liquidations hit $630 million, with long positions making up two-thirds of the wipeout, according to CoinGlass.
Bitcoin, Ethereum, and Dogecoin witnessed a substantial decline today as Bitcoin slipped below the $112,000 mark. Additionally, Ethereum and Dogecoin both dropped by 6% following China's retaliatory measures against U.S. tariffs.
The cryptocurrency market experienced a wave of liquidations, reaching a total of $630 million, with long positions accounting for a significant portion of the losses, as reported by CoinGlass.
The impact of geopolitical tensions between the United States and China continues to reverberate across various asset classes, influencing the volatility in the crypto market.
Stay tuned for more updates on the latest cryptocurrency developments.