Trump Raises the 'Tariff Club' Bitcoin Once Plummets Below $92,000, Over 220,000 Liquidations
Cryptocurrency saw a significant drop on the evening of the 26th, with Bitcoin once falling below $92,000, a decline of over 6% within 24 hours. Solana, XRP, Dogecoin, Cardano, and others saw declines exceeding 10%. Coinglass data shows that within 24 hours, the number of liquidations in the cryptocurrency market exceeded 220,000, with liquidation amounts approaching $700 million.
Analysts pointed out that the current round of cryptocurrency declines is partly related to profit-taking and partly related to Trump raising the 'tariff club'. Trump's threat of increased tariffs has disrupted global capital markets and led to risk-averse sentiments in cryptocurrencies.
Adrian Przelozny, CEO of cryptocurrency exchange Independent Reserve, said: 'People have been looking for an excuse to take profits. We remain very confident that the current bullish market sentiment will last until 2025.'
American billionaire and prominent cryptocurrency investor Novogratz recently stated that Bitcoin will inevitably break through the $100,000 mark, but it may then retreat as much as 20%.
Novogratz pointed out, 'There is a lot of leverage in the current system, and the leverage in the cryptocurrency community has reached its limit, so adjustments will occur. The price of Bitcoin may fall to $80,000, which will be an absolute bottom.'
If you agree that Musk's concept coins can shine brightly in this bull market, then you certainly can't miss #Marvin , which is the most favored Dogecoin by Musk. Last year, Musk even specifically celebrated his birthday with Tesla, indicating that Musk often mentions him. Moreover, its current market value is still less than ten million, and the hundredfold returns in this bull market are definitely not a fantasy!
