After Trump’s tariff threats, Bitcoin lingers around $108K, causing crypto bulls to lose $500M.

U.S. President Donald Trump’s late Friday announcement of potential tariffs—a 50% tax on all imports from the European Union and a 25% tariff on imported Apple iPhones—sent shockwaves through global markets.

Crypto bulls were hit hard, losing more than $500 million within 24 hours as traders swiftly exited positions amid fears sparked by the new trade threats.

Bitcoin, after trading above $111,000, dropped sharply to around $108,600, wiping out its earlier gains and shaking investor sentiment.

This sell-off rippled across the crypto market, with futures linked to Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) seeing liquidations between $30 million and over $100 million.

Bitcoin futures liquidations topped $181 million, Ether futures accounted for nearly $142 million, and other altcoins contributed an additional $100 million in forced position closures. Notable losses were seen in SOL, DOGE, and XRP.

According to CoinGlass, the largest single liquidation was a $9.53 million BTC-USDT swap on the OKX exchange.

Liquidations occur when leveraged traders fail to meet margin requirements, causing exchanges to automatically close their positions—a sign of market stress that often precedes a price reversal.

This downturn came just as Bitcoin was gathering momentum from ETF inflows and rising institutional demand, which had raised hopes for a stable weekend.

Instead, the return of trade war concerns has brought renewed volatility, leaving traders wary as they prepare for the week ahead.