Trump Tariffs Dey Fuel Bitcoin Volatility, $2.2B Don Liquidated
Bitcoin volatility jump high after US President Donald Trump talk say dem go charge 100% tariff on China import and China put restriction on rare earth export. Dis sharp wahala for Bitcoin volatility make price drop from about $113,000 to as low as $102,000 for futures market, cause more than $2.2 billion leveraged BTC liquidation plus over $9 billion finish for crypto market inside 24 hours.
Swan Bitcoin CEO Cory Klippsten warn say instability still go dey as traders wey get leveraged position fit face further forced sale. Ray Salmond from Cointelegraph talk say liquidity cluster dey between $102,000 and $97,000, e resemble wetin happen for April and February wey people dey sell quick quick. Despite all dis movement, Bitwise strategists Juan Leon and Matt Hougan see the dip as good chance to buy.
For the meantime, Morgan Stanley dey expand their crypto service, allow clients trade BTC, ETH and SOL for their eTrade platform and also give crypto funds through advisors. Dis move mean say institutions dey adopt crypto more while market volatility still dey high.
Bearish
Di announcement for 100% tariffs bring heavy bearish pressure for Bitcoin, wit quick forced liquidations wey wipe out over $2.2 billion BTC positions. This one dey intensify short-term volatility and risk-off sentiment, e fit make price drop more till dem key support levels hold. But analyst dem talk say e be buying opportunity mean say stabilization fit happen if institutional demand return, wey Morgan Stanley too dey provide more services. Overall, the immediate price impact na bearish, but long-term outlook still dey positive.