Overview

• Bitcoin fell to about $110,900 on Binance after the tariff announcement, then steadied near the $110,000–$112,000 range.
• Ethereum slid roughly 21% at its trough to around $3,435 before paring part of the drop to about $3,840.
• Total crypto market capitalization fell by approximately $400 billion in 24 hours to about $3.74 trillion, according to CoinMarketCap.
• Exchanges liquidated positions exceeding $19.1 billion in a day across more than 1.625 million accounts, with most losses on long bets and about $5.2 billion tied to bitcoin, Coinglass data show.
• Bloomberg characterized the sell-off as the largest for cryptocurrencies since early April.