$2.19 Billion In Crypto Liquidated As Market Shifts Sentiment #CriptoNews

• US President Donald Trump’s tariff war affected capital and crypto markets, leading to $2.19 billion in Bitcoin and altcoin liquidations.
• Crypto market sentiment also shifted from a “Greed” score to “Fear” leading to Monday.

The global tariff war has shaken capital markets, eventually spilling into the market’s Bitcoin (BTC) and cryptocurrency segment. In the last 24 hours leading to Monday morning, the volatile event resulted in $2.19 billion in crypto liquidations based on Coinglass data. Long positions from bullish traders and investors took a $1.85 billion hit, while shorts accounted for $334.67 of the wreckage.

$2.19 Billion Bitcoin and Crypto Liquidations in 24 Hours

Ethereum (ETH) had the highest casualty, burning a total of $591.32 million in leveraged positions. The numbers comprised $467.51 million longs and $129.81 shorts. Meanwhile, Bitcoin shed $400.83 million in leveraged positions, consisting of $337.67 million longs and $63.16 million shorts.

The ensuing escalation led to Bitcoin’s drop from a $100K high to a $91K low within the timeframe. Its movement translated to over 9% dip before recovering to $93K at around 5:00 AM UTC this Monday.

Ethereum had worse as it crashed from a $3.1K high to a $2.1K low. This meant an over 31% slide in the crypto asset’s price before its rebound to $2.4K.

Sudden Reversal in Crypto Market Sentiment

Along the way, crypto market sentiment steeply transitioned to a cautious stance. This market behavior is very evident in Alternative’s multifactorial Fear & Greed Index shift to a 44 score at the “Fear” zone of the scale.

The figures are a significant decline from Sunday’s 60-point “Greed” score, last week’s 71 points, and last month’s 73 points. So far, these have been the lowest in the three-month chart.

The Trump Card Driving Market Volatility

President Donald Trump was the primary catalyst of the Bitcoin and crypto market rally in the latest bull cycle. In so happened that he could also be the reason for their reversal.

On Saturday, the White House published a new fact sheet related to the president’s recent tariffs against Canada, Mexico, and China. The move came as a means of “addressing an emergency situation” from the threats posed by illegal aliens and drugs allegedly coming from the mentioned jurisdictions. The president ordered additional 25% tariffs for imports from Canada (but only adding 10% for energy resources) and Mexico, and 10% for imports from China.

Despite the promising stance of the new US administration toward crypto in the bigger picture, the current crisis had caused US stock futures to tumble, with Dow futures falling 1.55%, S&P futures plummeting 2.09%, and Nasdaq futures slipping 2.71% as of writing.