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The impact of tariffs on the world of cryptocurrencies: Has the battle to defend the threshold of 100,000 BTC begun?
Washington imposes additional tariffs on new Chinese energy vehicles, resulting in a significant drop in Bitcoin by 8% in a short period, as the defense line of $100,000 faces severe challenges. This has triggered a political storm leading to a liquidity crisis in the cryptocurrency market.
A. The impact of tariffs strikes at the heart of the cryptocurrency world
Recent on-chain data shows that in the past twenty-four hours:
- The market capitalization of stablecoins decreased by $12 billion, with USDT/USDC ratio at 83%
- A net outflow of 42,000 BTC from centralized exchanges
- The amount of margin liquidation exceeded $3.8 billion
#CIN
Washington imposes additional tariffs on new Chinese energy vehicles, resulting in a significant drop in Bitcoin by 8% in a short period, as the defense line of $100,000 faces severe challenges. This has triggered a political storm leading to a liquidity crisis in the cryptocurrency market.
A. The impact of tariffs strikes at the heart of the cryptocurrency world
Recent on-chain data shows that in the past twenty-four hours:
- The market capitalization of stablecoins decreased by $12 billion, with USDT/USDC ratio at 83%
- A net outflow of 42,000 BTC from centralized exchanges
- The amount of margin liquidation exceeded $3.8 billion
#CIN
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