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Tariff Shock Wipes Out $140B From Crypto, Liquidations Jump to $500M (Market Watch)

  • Bitcoin's price rally was halted by Trump's latest tariffs, resulting in a drop of over $6,000 in a few hours.
  • Altcoins also suffered losses, with some losing up to 10% of their value since their local peaks.
  • BTC experienced volatility, reaching a weekly high of over $88,500 but slumping due to the new tariffs to just above $82,000.
  • The total crypto market cap has dropped by about $140 billion, with liquidations reaching $500 million.

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