Overview

• Bitcoin rose about 5% to $115,100 and Ethereum gained roughly 10.5% to $4,138, with several major altcoins posting double-digit daily advances.
• Friday’s sell-off followed President Trump canceling a meeting with China’s Xi Jinping and ordering a “massive increase” in tariffs on Chinese imports.
• Bitcoin fell from $121,000 to $109,000 in roughly seven hours as Ethereum touched $3,686 and Solana held just above $173, according to CoinGecko.
• CoinGlass recorded nearly $20 billion in daily liquidations, including about $16.7 billion from longs, after an hour that wiped almost $7 billion with $5.5 billion from long positions.
• U.S. stocks also slid, with the Nasdaq down 3.6%, the S&P 500 off 2.7%, and the Dow lower by 1.9%.