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Bitcoin Roars Back Past $104K as Trade War Turmoil Wipes Out $1B in Leveraged Bets

Bitcoin Roars Back Past $104K as Trade War Turmoil Wipes Out $1B in Leveraged Bets

Coindesk
Author:
Coindesk
Release Time:
2025-05-31 18:01:36
0

Bitcoin Rebounds Above $104,300 as Tariff Chaos Triggers Nearly $1B in Liquidations

Market carnage erupts as tariff shocks trigger crypto’s version of a margin call bloodbath. Bitcoin—ever the drama queen—bounces hard after liquidations vaporize overeager positions.

The ’free market’ at work: when geopolitics sneezes, traders get pneumonia. At least the blockchain doesn’t charge $50 wire fees for the privilege of losing your shirt.

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