Bitcoin's price could decline further as massive crypto liquidations, totaling $19 billion, occurred following concerns about potential tariffs from the Trump administration and their impact on China.

Market Liquidations Triggered by Trade Tensions

Crypto markets witnessed unprecedented liquidations totaling $19.13 billion. This significant event was directly linked to renewed tariff threats from President Trump concerning China.

Bitcoin Price Decline

The trade tensions instigated a widespread sell-off across the crypto landscape. As a result, Bitcoin’s price drastically decreased.

Specific Price Movement

Bitcoin’s value plummeted from a level above $121,000 to below $106,000.