The cryptocurrency market lost a record $ 500 million per day due to Donald Trump

Over the past day, the cryptocurrency market has experienced large-scale fluctuations that have led to the liquidation of positions worth almost $ 500 million. The main reason for this was the announcement of new duties by former US President Donald Trump. His statement about the introduction of aggressive tariffs on imported goods provoked an increase in uncertainty in global markets, including the cryptocurrency market.

The strongest fluctuations were recorded during the last four hours, when more than $ 300 million disappeared from the market. Liquidations affected both short and long positions almost equally. In just one hour, more than $ 100 million of long positions were liquidated. The ETH/USDT pair on Binance suffered the most, with one order worth $ 11.97 million.

Over 159 thousand traders were liquidated within 24 hours. Of the total liquidations of $ 489 million, $ 257 million were long positions and $ 232 million were short positions. Among the affected cryptocurrencies are Bitcoin BTC $81,853.69 Bitcoin -6.15% Market capitalization $1.62 trillion VOL. 24 hours $3.3 billion , Ethereum ETH $1,774.48 Bridged Ether (StarkGate) -7.11% Market capitalization $0.16 billion VOL. 24 hours $1.39 billion , Solana SOL $113.83 Binance-Peg SOL -13.48% Market capitalization $0.13 billion VOL. 24 hours $0.99 billion , XRP XRP $2.01 XRP -7.31% Market capitalization $117.09 billion VOL. 24 hours $0.81 billion , and Cardano ADA $0.63 Cardano -9.25% Market capitalization $22.63 billion VOL. 24 hours $0.11 billion . The total market capitalization has fallen by $ 200 billion from its last peak.

The reason for this turbulence is the expectation of new tariffs as part of Trump’s speech on the so-called «Liberation Day.» He announced the introduction of mirror tariffs on key US trading partners, arguing that it was necessary to restore the economic balance. This caused sharp movements in the prices of major cryptocurrencies: Bitcoin, for example, dropped to $ 82,000 on April 2, although it had previously reached $ 88,500.

Despite the volatility, analysts remain positive about further growth in the value of Bitcoin. If a strategic reserve of BTC is created in the United States, the price could rise to $ 200 thousand by the end of 2025, and some estimates even point to a potential increase to $ 500 thousand.