Altcoins Bleed 9% as Crypto Fear Index Hits 24: Trump’s ‘Liquidation Day’ Fallout

$500M in liquidations hit traders, with a single $11.97M ETH trade on Binance leading the forced closures. Trump’s “Liberation Day” tariffs drew crypto community backlash, rebranded “Liquidation Day” as prices sank amid economic uncertainty. The crypto market lost 5.46% of its value Thursday, erasing $2.63 trillion in total capitalization. The drop followed former U.S. President Donald Trump’s announcement of new tariffs on international trade partners, which intensified worries about economic stability. Investors moved quickly to adjust their holdings, sparking a sell-off across digital currencies. Bitcoin fell to $82,274.70, a 5.39% drop in 24 hours, while Ethereum declined 6.04% to $1,787.79. XRP dropped 7.76% to $2.00, and Binance Coin decreased 2.94% to $588.96. Source: Coinmarketcap Other cryptocurrencies faced larger losses: Cardano slid 9.25% to $0.6315, and Solana, Dogecoin, and similar assets fell between 4.83% and 11.18%. Stablecoins like Tether and USD Coin saw minimal price changes as traders shifted funds to reduce risk. The market’s Fear & Greed Index dropped to 24, reflecting widespread caution. During the sell-off, traders lost nearly $500 million through forced closures of leveraged positions, per data from Coinglass. Approximately $300 million of these losses occurred within four hours, starting with bets against rising prices before affecting those betting on gains. A single Ethereum trade on Binance accounted for $11.97 million in closed positions. In total, 159,333 traders experienced losses, with $257 million from bets on price increases and $232 million from bets on declines. Trump described his tariff policy as a “Liberation Day” measure to address U.S. trade imbalances. However, cryptocurrency traders on social media platforms labeled the event “Liquidation Day” as prices tumbled. Bitcoin’s value has swung between $73,000 and $88,000 in recent weeks, settling near $83,500 by Thursday afternoon—a 0.9% daily decrease. The broader digital asset market shed $200 billion from its recent high. ETHNews analysts observe that geopolitical decisions now directly influence cryptocurrency prices, highlighting ties between traditional finance and decentralized systems. Source: Tradingview The current price of Bitcoin (BTC) is $81,839.14 USDT, reflecting a −0.82% intraday loss. BTC is trading within a volatile range today, from a low of $81,211.24 to a high of $83,998.02, continuing its pullback from the recent rejection at $88,000. Over the past 7 days, Bitcoin has declined −5.87%, and in the last 30 days, it’s down −5.12%. Year-to-date, BTC has lost −12.58%, despite still holding a +24.97% gain over the past year and +31.77% over the last 6 months, showing that the larger trend is still positive even within this correction phase. Source: Tradingview The live price of Ethereum (ETH) is $1,774.60 USDT, showing a daily loss of −1.15%. Today’s trading has ranged between $1,750.00 (low) a in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “$500M in liquidations hit traders, with a single $11.97M ETH trade on Binance leading the forced closures. Trump’s “Liberation Day” tariffs drew crypto community backlash, rebranded “Liquidation Day” as prices sank amid economic uncertainty. The crypto market lost 5.46% of its value Thursday, erasing $2.63 trillion in total capitalization. The drop followed former U.S. President Donald Trump’s announcement of new tariffs on international trade partners, which intensified worries about economic stability. Investors moved quickly to adjust their holdings, sparking a sell-off across digital currencies. Bitcoin fell to $82,274.70, a 5.39% drop in 24 hours, while Ethereum declined 6.04% to $1,787.79. XRP dropped 7.76% to $2.00, and Binance Coin decreased 2.94% to $588.96. Source: Coinmarketcap Other cryptocurrencies faced larger losses: Cardano slid 9.25% to $0.6315, and Solana, Dogecoin, and similar assets fell between 4.83% and 11.18%. Stablecoins like Tether and USD Coin saw minimal price changes as traders shifted funds to reduce risk. The market’s Fear & Greed Index dropped to 24, reflecting widespread caution. During the sell-off, traders lost nearly $500 million through forced closures of leveraged positions, per data from Coinglass. Approximately $300 million of these losses occurred within four hours, starting with bets against rising prices before affecting those betting on gains. A single Ethereum trade on Binance accounted for $11.97 million in closed positions. In total, 159,333 traders experienced losses, with $257 million from bets on price increases and $232 million from bets on declines. Trump described his tariff policy as a “Liberation Day” measure to address U.S. trade imbalances. However, cryptocurrency traders on social media platforms labeled the event “Liquidation Day” as prices tumbled. Bitcoin’s value has swung between $73,000 and $88,000 in recent weeks, settling near $83,500 by Thursday afternoon—a 0.9% daily decrease. The broader digital asset market shed $200 billion from its recent high. ETHNews analysts observe that geopolitical decisions now directly influence cryptocurrency prices, highlighting ties between traditional finance and decentralized systems. Source: Tradingview The current price of Bitcoin (BTC) is $81,839.14 USDT, reflecting a −0.82% intraday loss. BTC is trading within a volatile range today, from a low of $81,211.24 to a high of $83,998.02, continuing its pullback from the recent rejection at $88,000. Over the past 7 days, Bitcoin has declined −5.87%, and in the last 30 days, it’s down −5.12%. Year-to-date, BTC has lost −12.58%, despite still holding a +24.97% gain over the past year and +31.77% over the last 6 months, showing that the larger trend is still positive even within this correction phase. Source: Tradingview The live price of Ethereum (ETH) is $1,774.60 USDT, showing a daily loss of −1.15%. Today’s trading has ranged between $1,750.00 (low) a” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.