Bitcoin\u2019s price has tumbled to a low of around $103,700 over the past couple of hours.<\/p>\n
At the time of this writing, BTC has pulled back<\/a> to around $104,100, bringing the total liquidations across the derivatives market to around $844 million, according to Coinglass.<\/p>\n <\/a>Source: TradingView<\/p>\n Over the past one hour alone, the liquidated BTC positions surpassed $226 million, where a whopping $220 million of that were longs.<\/p>\n This comes as broader stock markets also chart notable declines. The S&P 500, Nasdaq, and the Small Cap 2000 are all down by more than 1%, while the DJI is down by 0.6%, at the time of this writing.<\/p>\n The drop comes amid escalating tensions between the US and China. Donald Trump said that China has \u201cviolated\u201d the agreement, ending his post on Truth Social in a way that promises retaliation. It appears that the markets are bracing for it.<\/p>\n\n Meanwhile, China responded<\/a>, urging the US to \u201cimmediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva.\u201d<\/p>\n The post Bitcoin Price Crashes to $104K as US-China Tensions Escalate<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price has tumbled to a low of around $103,700 over the past couple of hours. At the time of this writing, BTC has pulled back to around $104,100, bringing the total liquidations across the derivatives market to around $844 million, according to Coinglass. Source: TradingView Over the past one hour alone, the liquidated BTC […]<\/p>\n","protected":false},"author":0,"featured_media":70499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70498"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70498"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70499"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Source: TradingView<\/p>\nOver the past one hour alone, the liquidated BTC positions surpassed $226 million, where a whopping $220 million of that were longs.<\/p>\nThis comes as broader stock markets also chart notable declines. The S&P 500, Nasdaq, and the Small Cap 2000 are all down by more than 1%, while the DJI is down by 0.6%, at the time of this writing.<\/p>\nThe drop comes amid escalating tensions between the US and China. Donald Trump said that China has \u201cviolated\u201d the agreement, ending his post on Truth Social in a way that promises retaliation. It appears that the markets are bracing for it.<\/p>\n\nMeanwhile, China responded<\/a>, urging the US to \u201cimmediately correct its erroneous actions, cease discriminatory restrictions against China and jointly uphold the consensus reached at the high-level talks in Geneva.\u201d<\/p>\nThe post Bitcoin Price Crashes to $104K as US-China Tensions Escalate<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price has tumbled to a low of around $103,700 over the past couple of hours. At the time of this writing, BTC has pulled back to around $104,100, bringing the total liquidations across the derivatives market to around $844 million, according to Coinglass. Source: TradingView Over the past one hour alone, the liquidated BTC […]<\/p>\n","protected":false},"author":0,"featured_media":70499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70498"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70498"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70499"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTCUSD_2025-05-30_20-11-44.png\"){kind=link}