Quick Take: Trump Tariff Pause Coincides With Crypto Price Surge, Nearly $500M Liquidations
The price surge aligned with a 90-day pause on most “reciprocal” tariffs announced by President Donald Trump on April 9, 2025, via Truth Social
The price surge aligned with a 90-day pause on most “reciprocal” tariffs announced by President Donald Trump on April 9, 2025, via Truth Social
The global financial markets are also reeling today, with stocks and commodities plummeting as fears of a trade war grip investors.
Long positions accounted for $242.16 million (80%) of the liquidations, compared to $60.61 million from short positions.
Nearly 256,000 traders were liquidated, with a $5.07 million Bitcoin position on BitMEX marking the largest single liquidation.
The sharp reversal follows Sundayโs rally fueled by President Trumpโs announcement of a U.S. crypto reserve, but much of those gains have since evaporated.
Traders underestimated how quickly Trumpโs crypto-friendly policies could move markets.
The losses are compounded by struggles in U.S. equities and growing economic concerns.
Markets will dissect the U.S. Treasury/Commerce Departmentโs plans for potential crypto exposure.
Updated: Liquidations in the pas 24 hours have exceeded $2 Billion. A market-wide crypto sell-off triggered $1.06 billion (โฑ61.8 billion) over 24 hours as Bitcoin slid below $97,400 and memecoins cratered amid fears of escalating U.S. trade wars. Quick Take delivers key facts fastโconcise, clear, and easy to read. Perfect for busy readers. Key Takeaways: By…
The sell-off hammered AI-related tokens and memecoins hardest as traders betting on a Trump-fueled supercycle got a brutal reminder.