Overview
- Bitcoin fell from about $95,000 to the low $92,000s within hours during the Asian session, then steadied near $92,000–$93,000 by evening ET.
- Market trackers reported roughly $680 million to $875 million in 24-hour crypto liquidations, largely wiping out leveraged long positions.
- European leaders denounced the tariff threat as coercive and signaled retaliation, with tools under consideration including new duties and the EU’s anti‑coercion instrument.
- Safe-haven flows intensified as gold set fresh records near $4,667–$4,680 per ounce and silver topped $93, while equity futures weakened.
- Analysts highlighted derivatives-led gains, thin futures liquidity, recent spot Bitcoin ETF outflows of about $395 million, and a U.S. holiday liquidity gap as key amplifiers of the drop.