The cryptocurrency market’s heightened volatility has wiped out $1 billion in liquidations over the past day, as bitcoin’s price downtrun comes amid a sharp fall in U.S. equity prices.The sell-off coincides with growing risk aversion amid the Trump administration’s new tariffs, which are set to push U.S. trade barriers to historic levels.
The current price of HTX-BTC is $83129.74, with a drop of 6.41% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 43.42 million US dollars, with the main liquidation being short orders and BTC liquidation being 12.69 million US dollars (29.22%). The data is for reference only.
Odaily Planet Daily News: White House AI and crypto director David Sacks announced in an article on X platform that he has sold his position in Multicoin Capital and proactively sold all cryptocurrencies and crypto focused funds. David Sacks emphasized that there was no need to do so during the sale as the relevant ethical review process was still ongoing, but he voluntarily chose to withdraw and advised the outside world not to make "baseless and hysterical accusations" until all the facts were known.
David Sacks posted on X platform that he has sold his position in Multicoin Capital and cleared all cryptocurrency and cryptocurrency investment funds. He emphasized that there was no need to do so during the sale as the relevant ethical review process was still ongoing, but he voluntarily chose to withdraw and advised the outside world not to make "baseless and hysterical accusations" until all the facts were known.