Trump’s Tariff Threats on Europe Trigger Massive Crypto Liquidations
Global markets were jolted after President Donald Trump announced plans to impose new tariffs on eight European countries, linking the measures to renewed pressure over Greenland. The comments, posted on his Truth Social account, rippled quickly through financial markets and triggered heavy selling in cryptos, equities, and risk-sensitive assets. Roughly $875 million worth of crypto positions were closed. Bitcoin fell 3%, dropping to $92,000, as traders rushed to cut exposure amid rising geopolitical uncertainty. The sell-off was magnified by thin trading conditions during a U.S. holiday period, which tends to exaggerate price swings. About $788 million of the liquidations were…





