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Ethereum leads crypto’s $2.24B liquidation amid tariff wars

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The cryptocurrency market experienced a massive $2.24 billion in liquidations, triggered by heightened volatility following concerns over Donald Trump’s proposed trade tariffs. Bitcoin and major altcoins saw sharp declines as global markets reacted to the potential impact of new U.S. tariffs, leading to a cascade of leveraged position wipeouts. The sell-off highlights the growing sensitivity of digital assets to macroeconomic and political developments.

Bitcoin’s price tumbled below key support levels, triggering forced liquidations of leveraged long positions across major exchanges. Altcoins, including Ethereum and Solana, suffered even steeper losses as traders exited riskier assets. Analysts noted that high leverage ratios in crypto derivatives markets contributed to the severity of the liquidations, mirroring past volatility spikes linked to global economic uncertainty.

The proposed Trump tariffs, aimed at reshaping U.S. trade policy, have unsettled traditional financial markets, with the Nasdaq and S&P 500 also experiencing turbulence. Crypto markets, often correlated with risk assets, reacted strongly as investors reassessed positions in light of potential economic disruptions. Despite the downturn, some analysts believe Bitcoin’s long-term fundamentals remain strong, especially amid institutional adoption and upcoming supply events like the Bitcoin halving.

With traders facing billions in losses, market participants are now watching for signs of stabilization and potential recovery. The latest liquidations serve as a reminder of crypto’s high volatility and sensitivity to global events, reinforcing the need for risk management strategies in leveraged trading. As economic uncertainty persists, investors will be closely monitoring how geopolitical factors continue to shape the digital asset landscape.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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