The global cryptocurrency market has evaporated nearly $150 billion in 24 hours, with Bitcoin falling below $88,000 and Ethereum dropping 6% to under $3,000. This sell-off was mainly driven by geopolitical concerns triggered by Trump's tariff warnings and large-scale fund outflows from spot Bitcoin ETFs by institutional investors, with a total of $874.4 million flowing out in two days. This resulted in over $1 billion in liquidations, most of which were long positions, and the market fear index also dropped to 32.
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The global cryptocurrency market has evaporated nearly $150 billion in 24 hours, with Bitcoin falling below $88,000 and Ethereum dropping 6% to under $3,000. This sell-off was mainly driven by geopolitical concerns triggered by Trump's tariff warnings and large-scale fund outflows from spot Bitcoin ETFs by institutional investors, with a total of $874.4 million flowing out in two days. This resulted in over $1 billion in liquidations, most of which were long positions, and the market fear index also dropped to 32.