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Bitcoin crashes to $102,000 amid Trump tariff shock
Bitcoin plunged to a three-month low of $102,000 following Trump’s tariff announcement, marking its steepest drop since June. Spot prices on major cex hit $107,000, while CoinGlass data shows $19.13B in crypto liquidations over 24 hours — $16.68B from leveraged longs.
The broader market tumbled, with Ethereum (ETH) down to $3,500 and Solana (SOL) sliding below $140. Analysts at Hyblock Capital noted, “Global 2x leverage on most altcoins was totally wiped out.”
China’s potential tightening of rare earth exports and new U.S. tech trade restrictions intensified selling pressure, threatening global chip supply chains that also support AI and crypto mining.
The global crypto market cap has dropped 11.8% in 24 hours to $3.64 trillion.
$BTC
$ETH
$SOL
#Fedratecutexpectationsheatup