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Trade Tensions Knock Bitcoin Below $90,000 as Liquidations Cascade Across Crypto

Tariff threats from President Trump triggered a risk-off move that forced widespread crypto liquidations.

Overview

  • Bitcoin slipped under $90,000 on Tuesday, with roughly $580 million in 24-hour forced liquidations as traders watched the $90,000–$91,000 support zone, according to CoinGlass.
  • XRP dropped below $2 after a Jan. 18 long-liquidation cluster exceeding $5 million, with Binance the largest contributor, CryptoQuant reported.
  • Glassnode warned XRP’s current holder mix mirrors a pre-2022 crash pattern, heightening downside risk if key supports give way.
  • U.S. spot XRP ETFs continued to attract money despite price weakness, with cumulative inflows around $1.28 billion and assets above $1.5 billion.
  • Dogecoin hovered near its 200-week simple moving average around $0.105 as futures open interest fell about 19% and exchange balances rose roughly 8.4%, signaling softer speculative demand.