As reported by Bitcoinist, Bitcoin's price fell below $93,000 in early morning hours amid heightened market caution following U.S. President Donald Trump's new tariff proposal. The draft legislation allows the U.S. to impose tariffs of up to 500% on countries continuing to trade with Russia, particularly those purchasing Russian energy. Previous tariff shocks have erased billions from the crypto market overnight, and traders now fear a deeper correction. In the past 24 hours, nearly $620 million in trading positions were liquidated, affecting over 152,000 traders. Ethereum is nearing $3,000, having lost more than 11% in the past week. Analysts warn that the volatility could intensify if the 500% tariff is implemented, potentially leading to a further 10–20% decline in Bitcoin and major altcoins.
Bitcoin Price Drops Below $93,000 Amid Trump's 500% Tariff Proposal on Russia-Dealing Nations
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