Cryptocurrency Markets Lose $2.24 Billion Amid Global Tariff War Uncertainties

Geopolitical uncertainties related to the global tariff war led to over $2.24 billion being liquidated from the cryptocurrency markets in the past 24 hours. The largest liquidation order was recorded on Binance for an ETH/BTC trading pair valued at $25.6 million. Long traders lost $1.88 billion, or 84% of the total liquidations, highlighting overall anticipation of another bull run. Top altcoins, including ETH and Cardano (ADA), dropped double digits in an hour after US President Donald Trump announced the first round of tariffs against imports from China, Canada and Mexico. The investor sentiment in the crypto market stands at "fear," according to Alternative.me data.