Bitcoin plunged to a nine-month low as geopolitical tensions, tariff threats, and tech earnings concerned traders, triggering billions of dollars worth of long liquidations.
Bitcoin has fallen to a nine-month low of $81,000, causing billions in liquidations over the past day as escalating tensions in the Middle East and US President Donald Trump’s fresh threats of tariffs caused traders to sell off.
Bitcoin (BTC) fell to a low of $81,058 on Coinbase in early trading on Friday, its lowest point since April, according to TradingView. The cryptocurrency has dropped 35% from its all-time high of $126,000 in October.
CoinGlass data shows 270,000 traders were liquidated in the past 24 hours, with total liquidations hitting $1.68 billion. The majority of those liquidations, or 93%, were levered long positions predominantly in BTC and Ether (ETH).
