Bitcoin Plunges 6% as Trump’s Tariffs Spark $500 Million of Liquidations

The cryptocurrency market plummeted on Thursday, with over half a billion dollars in liquidations, following the announcement of broad ‘reciprocal’ trade tariffs by President Donald Trump on April 2. Bitcoin (BTC) has dropped 5.6% in the past 24 hours, trading around $81,600—approximately 25% below its all-time high of $108,000, which was recorded earlier this year. Ethereum (ETH) fell 6.3% to $1,767, while XRP declined 7.3% to $1.99. Solana (SOL) cratered 12% to $113. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io