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Bitcoin plummets $9k as Trump’s tariffs spark over $1B liquidation frenzy – TON BOT

Bitcoin plummets $9k as Trump’s tariffs spark over $1B liquidation frenzy

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Bitcoin experienced a sharp drop from $83,000 to $74,000 overnight, leading to over $1.36 billion in liquidations across digital asset markets. The decline was attributed to escalating trade tensions and sweeping tariffs announced by President Trump. More than 441,000 traders were liquidated, with Bitcoin and Ethereum seeing the largest losses. The market turmoil also affected S&P 500 Futures Index ER, which dropped 10%. This sell-off was mainly long-heavy, with short liquidations minimal. Bitcoin has since reversed to levels last seen under Joe Biden, with a resistance level around $73,000. The market is now repricing risk in response to geopolitical tensions.

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