The post Crypto Sell-Off Today: Crypto Liquidations Hit $1 Billion appeared first on Coinpedia Fintech News
The crypto market is taking a hit as multiple factors collide: Trump’s 25% tariffs on Mexico and Canada, hacking incidents, and liquidations on major exchanges like Bybit. While liquidity decreases, the influx of new coins and inflation pressures are only adding to the downward trend.
Investors became more cautious after Trump announced 25% tariffs on Canada and Mexico, and a 20% tariff increase on China, starting later today.
The crypto market experienced significant volatility following Trump’s crypto reserve announcement. While there was an initial surge in prices, those gains quickly faded as doubts arose over its execution and necessary regulatory approvals. Further, Trump’s announcement about tariffs added extra uncertainty, which led to a larger sell-off across the market.
Crypto Liquidations Cross $1 Billion
Crypto liquidations have surged to over $
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