In the wake of the announcement surrounding Trump’s tariffs, Bitcoin witnessed a volatile session. It soared to just over $88,600 but soon faced a significant downturn as traders reacted to the harsh reality of the tariffs. The market saw a 7% drop, leading to a cascade of liquidations that resulted in over $6,000 disappearing from Bitcoin’s price within a mere four hours. Understanding these traders’ actions provides insight into the immediate effects of geopolitical announcements on cryptocurrency value.