{"id":85602,"date":"2025-08-01T10:20:08","date_gmt":"2025-08-01T10:20:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85602"},"modified":"2025-08-01T10:20:08","modified_gmt":"2025-08-01T10:20:08","slug":"bitcoin-crashes-to-3-week-low-after-trump-tariff-news-sparks-630m-liquidation","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85602","title":{"rendered":"Bitcoin Crashes to 3-Week Low After Trump Tariff News Sparks $630M Liquidation"},"content":{"rendered":"

The Trump tariff news is wrecking the crypto and equities markets. Bitcoin\u2019s floor<\/a> gave way in Asia cracking to $114,250 and marking its lowest level since June 11.<\/p>\n

Three weeks of sideways chop ended in one clean move south that went as low as $111,000.<\/p>\n

According to CoinGlass, 158,000 traders were liquidated in the past 24 hours. Total liquidations hit $630 million<\/a>, with the majority from long positions. My gains, nooo!!!<\/p>\n

(X<\/a>)<\/p>\n

This liquidation trauma reflects pre-emptive risk reduction. Spot crypto holdings saw $110 billion withdrawn in the 12 hours preceding Trump\u2019s tariff announcement, underscoring heightened market anxiety.<\/p>\n

President Trump lit the fuse with a tariff blitz of 35% on Canada and up to 39% on non-allied economies. Countries without trade pacts got the worst of it; here\u2019s how low BTC \u25bc-2.82%<\/span><\/a> can go.<\/p>\n

\u201cThis week\u2019s dip reflects tariff deadline fear and broader macro uncertainty\u2026 it was likely exacerbated by profit-taking after recent ATHs.\u201d \u2014 Nick Ruck, LVRG Research<\/p>\n

Will There Be a Trump Tariff Pause, Or BTC Crashout?<\/h2>\n

Trump\u2019s tariff blitz came amidst deadline drama over a pending trade deal. The U.S. president also sharply attacked Canada\u2019s foreign policy shift, linking it directly to its new pledge to recognize a Palestinian state at the UN.<\/p>\n

On Truth Social, he wrote: \u201cWow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh\u2019 Canada!!!\u201d<\/p>\n

The oddity: Gaza had nothing to do with tariffs orcross-border commerce<\/a>, yet Trump made it central to negotiations. Countries like China, India, Laos, Switzerland, Syria, and South Africa have also been singled out for high tariff rates, with some exceeding 40%.<\/p>\n

(X<\/a>)<\/p>\n

Despite the sharp dip, July closed as Bitcoin\u2019s strongest monthly candle ever, ending at $115,784 only weeks after hitting its all-time high of $122,800.<\/p>\n

Meanwhile, DeFi activity continues unabated. Total Value Locked (TVL) across decentralized finance protocols surged from $86 billion in April to over $126 billion by mid-July, a 46% gain.<\/p>\n

On ETH \u25bc-5.83%<\/span><\/a> specifically: Ethereum TVL<\/a> climbed from $44 billion to over $72 billion in the same period, indicating robust on-chain demand and institutional trust.<\/p>\n

What\u2019s Ahead: Support, Sentiment, and Policy Risks<\/h2>\n

If Bitcoin reclaims lost ground quickly, it would reinforce resilience. However, a sustained dip below $111K could trigger deeper downside, especially if equities remain fragile.<\/p>\n

Boosting sentiment hinges on trade progress, especially a potential U.S.\u2013China deal. Without clarity, profit-taking may deepen, and broader risk assets could remain under pressure.<\/p>\n

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

\n

Key Takeaways<\/h2>\n

The Trump tariff news is wrecking the crypto and equities markets. Bitcoin\u2019s floor gave way in Asia cracking to $114,250 and marking its lowest level since June 11. <\/p>\n

A sustained dip below $111K could trigger deeper downside, especially if equities remain fragile. <\/p><\/div>\n

The post Bitcoin Crashes to 3-Week Low After Trump Tariff News Sparks $630M Liquidation<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Trump tariff news is wrecking the crypto and equities markets. Bitcoin\u2019s floor gave way in Asia cracking to $114,250 and marking its lowest level since June 11. Three weeks of sideways chop ended in one clean move south that went as low as $111,000. According to CoinGlass, 158,000 traders were liquidated in the past […]<\/p>\n","protected":false},"author":0,"featured_media":85603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85602","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\/85602"}],"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=85602"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85603"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}