Hot Moments in Bitcoin – Why Did BTC Price Soar? Here is the Latest Data and Liquidations

Bitcoin rose over 7% today to reclaim the $82,000 level after US President Donald Trump announced a temporary suspension of some US tariffs. In a post on Truth Social, Trump said he had authorized a “90-day pause” on tariffs and that a reduced 10% reciprocal tariff would go into effect immediately. However, he also said that tariffs on China would rise to 125%. The largest cryptocurrency jumped to $82,350.37 after falling to as low as $74,567.02 earlier in the day. The market-wide rally also supported crypto-related stocks. MicroStrategy, which was recently rebranded as “Strategy,” rose 23%, while Robinhood and Coinbase gained 21% and 19%, respectively. Related News: JUST IN: FED Minutes Released – Here’s All You Need to Know Although Bitcoin remains around 25% below its all-time high reached in January, its recent rally mirrored the Dow Jones Industrial Average’s biggest single-day gain in five years. Bitcoin has largely followed stocks, particularly tech stocks, since last week as investors sought clarity on Trump’s campaign economic and trade policies. The rally also triggered significant liquidations in the derivatives market. According to CoinGlass, over $568 million worth of crypto positions were wiped out in the past 24 hours, including $228.76 million in Bitcoin alone. Shorts accounted for the largest portion of the losses, with $341.42 million liquidated, compared to $227.35 million in longs. Ethereum, Solana, and XRP saw liquidations totaling $159.78 million, $28.20 million, and $26.35 million, respectively. Table showing the amount of liquidation in the cryptocurrency market in the last 24 hours. *This is not investment advice. Continue Reading: Hot Moments in Bitcoin – Why Did BTC Price Soar? Here is the Latest Data and Liquidations

Source: BitcoinSistemi