Bitcoin Slides Below $92K Amid Geopolitical Tensions and $875M Crypto Liquidations

Bitcoin and altcoins slid as tariff headlines pressured risk assets. Reuters reported President Donald Trump vowed a 10% import tariff from February 1 on goods from Denmark, Great Britain, Norway, Sweden, France, Germany, the Netherlands, and Finland, rising to 25% on June 1 if the U.S. cannot acquire Greenland. CoinGlass recorded about $874 million in 24-hour liquidations, roughly $788 million from longs, including ~$233 million tied to Bitcoin and ~$156 million to Ethereum; Solana, XRP, and Dogecoin saw ~$61M, ~$41M, and ~$35M, respectively. Over the period, Bitcoin fell from about $95,500 to $93,000 and later rebounded near $93,100; earlier reporting noted an intraday low around $91,920.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.