Cryptocurrency Market Faces $874 Million Liquidations Amid Bitcoin Price Drop

The crypto market experienced significant liquidations due to recent volatility. In the past 24 hours, liquidations totaled $874 million, with long contracts accounting for $788 million.

Bitcoin's price dropped from $95,500 to $93,000, while Ethereum fell from $3,350 to $3,200.
US-EU tariff tensions, particularly tariffs on European nations announced by President Trump, may have contributed to market instability.
Bitcoin saw $233 million in liquidations, followed by Ethereum with $156 million.
Among altcoins, Solana, XRP, and Dogecoin had the highest liquidations at $61 million, $41 million, and $35 million, respectively.

Currently, Bitcoin has slightly rebounded to $93,100.