Bitcoin Sinks to $82K as New Trump Tariffs Hit Markets

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Digital asset markets have taken a massive hit following the US President’s rollout of global trade tariffs. 

Crypto markets have tanked around 4% over the past few hours, with total capitalization falling to a three-week low of $2.74 trillion.

Around $150 billion left spot markets while almost 170,000 traders were liquidated, with total liquidations exceeding $500 million, according to CoinGlass.

Bitcoin prices tanked more than 6% from an intraday high of $87,790 to bottom out at $82,277 during early trading in Asia on Thursday morning. However, the asset recovered to reach $83,400 and remains within its range-bound channel at the time of writing.


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