- Bitcoin fell below $ 80 thousand, because the market collapse was liquidated in transactions of 600 million dollars
- Since 2020, the stock exchanges fell badly with the worst week.
- Trump’s new EU tariffs can lead to a global trade struggle as countries plan to return.
Bitcoin’s price fell rapidly from $ 83,000 to $ 79,000 in a few hours. Sudden immersion created a wave of liquidation in which $ 600 million leverage bets were deleted. Coings data.
The borrowed funds, which predicted merchants to raise Bitcoin, were high -risk positions used, but the price drop caught them unprepared.
What caused the market collapse?
Before this accident, Bitcoin performed better and better than large exchanges. Some thought it was like digital gold.
However, with this decline, fears are reappeared. Analyst Jonatan Randing said Bitcoin approached 50 -week EMA (a typical technical level) and usually served as a solid support during the bull markets. He also asked if we were now in a bull market.
Meanwhile, tensions in international markets are increasing. Former US President Donald Trump has released a 20% tariff for EU goods. The EU retaliate by planning to impose its own tariffs. For taste, this from the beginning, the thorns of investors pulled down.
More countries are involved
Not just the USA and Europe. Other countries also react:
- China can re -introduce its old tariffs on US goods.
- India is considering taxing American products such as electronics and farm products.
- Mexico and Canada are also worried and can review trade agreements with the USA
- Brazil is closely monitoring the situation and can take action if necessary.
Global exchanges are already under pressure. Last week, S&P 500, Nasdaq 100 and Dow Jones since the 2020 Covid accident were the worst. Investors are worried that these new trade tensions can slow down the economy and inflate prices.
Bitcoin has been triggered over $ 600 million in leveraged position liquids for hours because it fell below $ 80,000 (Coings).
US stocks have fallen out of the worst weeks since 2020, S&P 500 3.1%, Nasdaq has dropped 100%4.6%and Dow Jones fell 2.9%.
Trump’s 20% on EU imports led to fear of a global trade war and shook both the self -equity and crypto markets.
Market volatility is expected to continue until clear decisions on tariffs and trade.
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