Bitcoin Tumbles 8% to $93K With Billions Liquidated as Asia Awakens to Trump's Trade War 📉
Bitcoin experienced a significant decline of 8%, dropping to $93,000 as the Asian markets awoke to the potential ramifications of Trump's trade war. This sharp decrease in value resulted in billions of dollars being liquidated across the market. Ethereum and Solana also faced downward pressure, reflecting the broader market sentiment as investors digest the looming threat of a global trade war.
The escalating trade tensions have triggered a wave of selling, with traders and investors assessing the potential impact on the crypto market. The ripple effects were felt across multiple cryptocurrencies, as uncertainties about future trade relations increased caution among market participants.
Source: www.coindesk.com ↗
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