Crypto Liquidations Hit $573 Million as BTC, ETH and XRP Sees rebound
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The cryptocurrency market experienced significant liquidations totaling $573.19 million in 24 hours, driven by unexpected price movements in Bitcoin and Ethereum. The market volatility was triggered by President Trump's trade policy announcements, including a 90-day tariff pause and new tariffs on China, causing substantial short position liquidations.
April 09, 2025 | 9:15 pm
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Bitcoin price jumped from $74,589 to $82,942, causing $225.06 million in liquidations, with short sellers most impacted. Market volatility driven by US-China trade tensions.
Unexpected price movement caused by geopolitical events, significant short liquidations, and positive market sentiment suggest potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95