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Tariff turmoil sparks $1 billion in liquidations: CoinGlass

cryptoweekly by cryptoweekly
March 4, 2025
in bitcoin, News
0

According to data from CoinGlass, altcoins like SOL, XRP and ADA saw more than $150 million in liquidations on March 4.

Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass. 

More than 87% of liquidations came from long positions after a volatile start to March that saw double-digit losses on March 4 erase similarly large gains from only days earlier, the data showed. 

On March 4, US President Donald Trump imposed 25% tariffs against Canada and Mexico, the United States’ largest trading partners, sending the S&P 500 stock index down nearly 2% in morning trading. 

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  • Bitcoin must upgrade or fall victim to quantum computing in 5 years
  • Crypto isn’t ‘run from garages’ anymore: MEXC’s Tracy Jin on IPO boom
  • This UAE investment app combines crypto, stocks and commodities: Is it the future of finance?
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  • Trump’s SEC scraps Gensler-era crypto regulation by enforcement proposals
  • Russian authorities bust truck-based crypto mine draining village power
  • CBDT probes crypto tax evasion in India

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