Key Takeaways The announcement of new tariffs by Trump caused nearly $900 million in leveraged liquidations in the crypto market. Bitcoin and Ethereum prices dropped significantly, triggering major losses among traders. Share this article Bitcoin’s slide to a multi-week low sparked a $950 million liquidation wave on crypto exchanges. The sell-off followed President Trump’s statement indicating reactivated Canada and Mexico tariffs, ending a month-long pause and, again, raising inflation concerns. Trump said Monday that tariffs on imports from Canada and Mexico will be implemented next month, ending a monthlong suspension…
Crypto market faces $950 million in leveraged liquidations as Trump’s tariff threats reintroduce inflation concerns
