Donald Trump's announcement of a 10% customs duty on all imports led to a dramatic increase in Bitcoin's price. The cryptocurrency reached over $88,000, marking a 3% rise in minutes.
Market Reaction to Trump's Announcement
Despite Trump's criticism of all countries, including the United Kingdom, his lower than expected tariff announcement caused a significant surge in Bitcoin's rate.
Volatility and Market Liquidations
High volatility caused a massive liquidation wave in the cryptocurrency market, with total liquidations reaching $337 million in the last 24 hours, $215 million of which were in short positions.
Key Statistical Data
The largest liquidations occurred in Bitcoin with $136 million, followed by Ethereum with $47 million and XRP with $12.57 million.
The current cryptocurrency market reflects high sensitivity to international announcements and measures. Participants are advised to be cautious of sudden price changes.
