On April 9, Bitcoin experienced a significant price surge, reaching a high of $83,565. This uptick in value was largely attributed to a decision made by U.S. President Donald Trump to temporarily pause a set of extensive tariffs for a period of 90 days. The announcement provided a boost to the cryptocurrency market, leading to a flurry of trading activities.
Following the sharp increase in Bitcoin's price, the crypto derivatives market saw a substantial amount of liquidations, totaling $592.05 million within a single day. Of this amount, $373.46 million came from short positions that were forced to close due to the rapid price movement.
The decision by President Trump to halt the implementation of tariffs provided a sense of relief to investors and
Leave a Reply