Bitcoin Risks $1.3B Liquidation as Trade War Fears on the Horizon
The post Bitcoin Risks $1.3B Liquidation as Trade War Fears on the Horizon appeared first on Coinpedia Fintech News
Bitcoin faces potential liquidations exceeding $1.3 billion if it drops below the critical $93,000 support level, driven by escalating U.S.-China trade war concerns. Currently trading at $95,960, Bitcoin slipped below $100,000 after new import tariffs rattled market sentiment. Analysts, including Bitgets Ryan Lee, warn that falling under $90,500 could trigger bearish trends. While short-term risks loom, DFGs James Wo suggests Bitcoin may benefit long term as a hedge against fiat devaluation. The delayed meeting between Trump and Xi Jinping adds further uncertainty, influencing Bitcoins near-term price trajectory.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
