1 month ago
Major cryptocurrency including bitcoin (BTC), ether (ETH), Solana's SOL, and XRP were each importantly down arsenic Asia began its trading week.
By mid-morning Hong Kong time, BTC was down 8%, trading supra $93,100, according to CoinDesk Indices data.
Meanwhile, ether (ETH) is down astir 20%, trading astatine $2,500, while SOL is down 13% astatine $184. XRP is down 28% and trading astatine $2.
Data from CoinGlass shows that implicit the past 12 hours astir $1.3 cardinal successful agelong positions person been liquidated, with astir $400 cardinal successful agelong ether positions and $300 cardinal successful agelong BTC positions.
The marketplace correction stems from a trade warfare that has seemingly been ignited by U.S. President Donald Trump with 25% tariffs being placed connected Canada and Mexico.
Many marketplace observers are skeptical astir the benefits of tariffs, with a Wall Street Journal editorial committee op-ed calling it the "Dumbest Trade War successful History" implicit the weekend.
Trump, for his part, dismissed criticism, in a bid of posts connected Truth Social implicit the weekend, suggesting that critics were being funded by China.
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