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Bitcoin, Ethereum Slide as Trump’s China Tariffs Trigger $411M in Liquidations

  • Bitcoin and Ethereum plunged as Trump’s new tariffs on Chinese goods took effect.
  • $411 million in crypto liquidations occurred in the past 24 hours due to the sharp downturn in global markets.
  • Bitcoin dropped 4.1% to $76,550 and Ethereum lost 8.3%, hitting its lowest level since March 2023.
  • Global bond yields surged, reflecting the panic in markets with falling bond prices and higher borrowing costs.

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