February 25, 2025 05:31:34 UTC
Crypto Liquidations Fuel $950M Sell-Off After Tariff Announcement
Bitcoin fell to a multi-week low, triggering $950 million in liquidations after President Trump announced a return to 25% tariffs on over $900 billion in Canadian and Mexican imports, raising inflation fears. The announcement sent Bitcoin below $95,000, Ethereum to $2,500, and dragged altcoins into losses. Meanwhile, proposals for Bitcoin reserve bills failed in Montana, North Dakota, Wyoming, and South Dakota, stalling state efforts to invest public funds in crypto.
