Key Takeaways:
- Bitcoin plummeted to $82,352, triggering $509M in liquidations
- Trump’s new tariff policy announcement sparked market-wide crypto selloff
- Major altcoins including ETH and SOL faced significant downward pressure
The cryptocurrency market experienced severe turbulence on Wednesday as Bitcoin’s price dropped sharply following Donald Trump’s announcement of new tariff measures. The leading cryptocurrency plunged to an intraday low of $82,352, resulting in massive liquidations across the crypto derivatives market.
Market Impact and Liquidation Wave
The sudden price movement triggered a cascade of forced liquidations, with over $509 million worth of leveraged positions being wiped out within hours. This marks one of the largest single-day liquidation events of 2025, highlighting the market’s sensitivity to macroeconomic developments.
SPONSORED
Maximize your trading potential with up to 100x leverage on perpetual contracts
Trump’s Tariff Policy and Crypto Markets
The market downturn coincides with Trump’s ‘Liberation Day’ tariff announcement, which has sent shockwaves through both traditional and crypto markets. Traders attempted to defend key support levels, but selling pressure overwhelmed buying interest.
Impact on Major Altcoins
The market-wide selloff affected major altcoins significantly:
- Ethereum (ETH): Dropped below key support levels
- Solana (SOL): Experienced double-digit percentage losses
- Other top-10 cryptocurrencies: Faced similar downward pressure
Expert Analysis and Market Outlook
Market analysts suggest this correction could test Bitcoin’s resilience at the $80,000 support level. The immediate focus remains on potential market recovery and the broader implications of Trump’s trade policies on crypto assets.
FAQ Section
What triggered the crypto market crash?
The crash was primarily triggered by Donald Trump’s announcement of new tariff measures, which created uncertainty in both traditional and crypto markets.
How much was liquidated in the crypto markets?
Approximately $509 million worth of leveraged positions were liquidated during this market event.
What’s the outlook for Bitcoin’s price?
Analysts are closely monitoring the $80,000 support level as a crucial indicator for Bitcoin’s short-term price direction.