From Yahoo Finance: 2025-05-24 03:03:00

Cryptocurrency markets lost over $500 million in the past 24 hours as traders took profits following Trump’s tariff threats. Bitcoin dropped from $111,000 to $108,600, impacting broader sentiment. Ether, Solana, XRP, and Dogecoin futures saw losses from $30 million to over $100 million. Bitcoin and Ether futures accounted for $181 million and $142 million in losses.

The largest single liquidation was a $9.53 million BTC-USDT swap on OKX. Liquidations occur when traders can’t meet margin requirements. They can indicate extreme market conditions, like panic selling. A cascade of liquidations might signal a market turning point.

Bitcoin’s pullback comes as it gains ETF inflows and institutional interest. Despite expectations for a calm weekend, renewed trade war fears led to increased volatility. With the market now unsettled, traders may approach next week cautiously.

Read more: Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats