Crypto markets took a hit, and it is down. The culprit? Trump’s latest tariff threats. Yesterday, the crypto-friendly US president shook things up with bold trade moves, sending ripples through global markets.
It is known that crypto bros love a wild ride, but Trump’s tariff talk gave crypto an unexpected turbulence. Trump announced yesterday that his plan includes a 50% tariff on EU imports and a 25% hit on iPhones made outside the US. Markets hate uncertainty, and this news brought plenty.
Bitcoin and crypto felt the heat, but is this just a temporary dip? Let’s unpack why crypto is down, the numbers, and why now might be a good time to dive back in.
(BTCUSD)
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So, Why is Crypto Down? Will It Recover?
The market’s reaction shortly after the news was fast and brutal. Over $300 million in leveraged positions had been wiped out in a flash. Bitcoin, riding high above $111,000, stumbled to around $108,000 in an hour. While altcoins like Ethereum and XRP weren’t spared, shedding 3-4% in value. Smaller tokens took even bigger hits, with Uniswap and SUI down 5-7%. Yesterday was a rough day for bulls.
During the event, one trade, a $9.53 million BTC-USDT swap on OKX, went up in smoke in a massive liquidation. Leveraged positions, especially on and , faced heavy losses, with $181 million and $142 million in futures liquidations, respectively. The market flushed out bets, leaving the crypto community licking wounds. Oh, Donald, please…
In the past 24 hours:
💔 175,213 traders were liquidated
💸 Total liquidations come in at $635.99 million🚨 The largest single liquidation order happened on @OKX — $BTC-USDT-SWAP value $9.53M
@bybit takes first place with $227 million in liquidations pic.twitter.com/aQ4VayCgzD
— mids.capital (@mids_mm) May 24, 2025
But hold on, this could be a storm in a teacup? Nicolai Søndergaard from Nansen suggests Trump’s tariffs might just be a negotiation flex. According to Søndergaard, Trump might just be bluffing to score trade deals, projected to be short-lived.
As we know and learn from the past, crypto market is often overreacting to headline risks. With prices dipping, some might see this as a chance to scoop up assets before the dust settles.
AI could be a game-changer here, especially for the future of such events. Advanced algorithms can track market signals and warn traders of volatility spikes, saving them from liquidations. By analyzing patterns, AI can help navigate choppy waters before crypto takes the news, good or bad, before it goes up or down.
So, while Trump’s tariff threats rattled crypto, the market’s reaction is likely just a temporary blip. With prices down and AI tools sharpening trading strategies, now is a smart time to dip a toe back in.
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Key Takeaways
- Why is crypto down today? Is now the best time to scoop?
- Use this AI tool to avoid liquidation.
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