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  • 4 weeks ago
Cryptocurrencies slid with global stocks as Trump’s tariff threats triggered a risk-off sell-off. Bitcoin fell below $88,000 on a 76% surge in volume, while Ethereum dropped under $3,000. Nearly $1.7 billion in crypto positions were liquidated, led by leveraged longs, though on-chain data shows whale accumulation — a signal Santiment says often supports longer-term bullish setups.

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00:00It's Benzinga bringing Wall Street to Main Street
00:02Leading cryptocurrencies fell alongside stocks on Tuesday as Trump's tariff frets drove a broad
00:07risk-off sell-off across markets. Bitcoin dropped below $88,000 as trading volume jumped 76%
00:14in a 24-hour period. Ethereum fell below $3,000 for the first time in three weeks,
00:20while XRP and Dogecoin also declined. About $1.7 billion was liquidated from the crypto market in
00:2724 hours, including nearly $1 billion in levered long positions. Bitcoin open interest declined
00:331.22%, while Ethereum futures open interest fell 3.22%. Bitcoin whale investors continued
00:40accumulating, according to firm Sandimens. The on-chain analytics said crypto breakout conditions
00:45improve when smart money accumulates as retail sells, a pattern it described as supportive
00:51of a long-term bullish divergence. For all things money, visit Benzinga.com.
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