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The collapse of the Crypto Market: 2.2 billion filtering, as Bitcoin gets 9 % to 91200 dollars

The encryption market has just taken, as the Bitcoin currency fell more than 9 % to 91200 – causing a massacre of merchants to benefit. Amazing $ 2.2 billion has been eliminated in the liquidation. This is what went.

Tuesday, February 3, the worst references for one day in the history of the encryption market, where merchants lost $ 2.25 billion in less than 24 hours. It is worse than the Luna accident and breaks the $ 1.6 billion liquidation record by Saga FTX Exchange in November 2022.

Coinglass: Crypto Market Liversity MAPE MAPP

The accident, which also witnessed that the encryption industry loses more than $ 300 billion- or 10 % of the maximum current market- was The result of President Trump Announcing the main definitions Against the three largest commercial partners in the United States of America – Canada, Mexico and Canada.

A picture of Trump’s social function that announces customs tariffs

This step has turned against investors from encryption who fear high definitions will increase inflation and interest rates. The high inflation, in turn, may turn institutional investors into less risky investments such as treasury and bonds, and absorb liquidity from the encryption market.

Bitcoin merchants lose $ 412 million against definition tariffs

Bitcoin deals formed 18 % of $ 2.25 billion, eliminated in the market collapse today.

The long traders who were Excessive optimistic about Trump’s presidencyBearing the contract market because it lost $ 341 million. In comparison, short pants were only about $ 70 million of liquidation.

It should be noted that more than 85 % of all bitcoin sides affected merchants on five encryption exchanges.

Binance merchants lost up to $ 121 million in encryption in the accidentWhile others lost on OKX, Gate.IO, HTX and Bybit 72.9 million dollars, 57.8 million dollars, $ 54 million and $ 48 million, respectively.

Bitcoin is already hinting to a possible recovery

The collapse witnessed that the price of BTC suffers from a sudden decrease and violent, and decreased to less than 100 thousand dollars and decreased to less than 91,200 dollars Data From Coinmarketcap.

Coinmarketca: BTC PRICE Action after Trump’s tariff

At the time of writing this report, however, Bitcoin started showing signs of recovery It is currently trading about 95,700 dollars. Also, the market morale towards the old digital currency is still great.

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