Bitcoin Slips On Trade War Fears, Sparks $865M in Liquidations
Bitcoin experienced a decline amid escalating trade war fears, leading to significant market volatility. This downturn resulted in approximately $865 million in liquidations across various cryptocurrency positions. The heightened uncertainty surrounding global trade dynamics has contributed to investor anxiety, impacting Bitcoin's price. As a result, many traders faced forced liquidations, amplifying the market's downward trend. The situation highlights the sensitivity of cryptocurrencies to broader economic concerns.
Read the full article: Decrypt