By Anthony • March 4, 2025 4:42 pm •
Over $1 billion in cryptocurrency has been liquidated in the past 24 hours after President Trump announced he would not remove a 25% tariff on Canada and Mexico.
More than 87% of the liquidation stemmed from long positions.
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Bitcoin, which was trading at $87,750, dipped to around $82,000.
ETH and SOL sunk 12% and 20%.
Tariff turmoil sparks $1 billion in liquidations: CoinGlass https://t.co/UzjafI5d0d
— 🛡️Billythecrypto🤑⚡️(💙,🧡)🛸Based🍌 (@BillyTheCrypt0) March 4, 2025
Per Cointelegraph:
Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass.
More than 87% of liquidations came from long positions after a volatile start
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