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Bitcoin Price Today: Rises to $115K After $19B Market Meltdown Triggered by Trump Tariffs
Bitcoin recovered above the $115,000 mark on Monday following the largest single-day liquidation event in cryptocurrency history — nearly $19 billion in forced position closures — sparked by renewed trade tensions between the U.S. and China.
The world’s largest cryptocurrency climbed 3.1% to $115,107.60 as of 09:32 Moscow time.
On Friday, Bitcoin plunged to an intraday low of $103,893.3 after trading above $122,000 earlier the same day. The previous week, it had reached an all-time high above $126,000.
Trump’s Tariff Threats Triggered a Wave of Crypto Liquidations
The sell-off began after U.S. President Donald Trump announced plans on Friday to impose tariffs of up to 100% on Chinese imports and tighten restrictions on the export of critical technologies.
The move rattled global markets, prompting investors to dump risk assets and triggering a cascade of forced liquidations in heavily leveraged crypto positions.
Over a 24-hour period, more than $19 billion in long positions were liquidated across major exchanges — the largest one-day liquidation ever recorded.
More than 1.6 million trading accounts were forcibly closed amid cascading stop-loss triggers and margin calls that accelerated the sell-off, according to reports.
Exchanges including Binance, Bybit, and Hyperliquid recorded some of their highest-ever daily liquidation volumes. Other major tokens mirrored Bitcoin’s sharp declines.
Beijing responded to Trump’s threats by declaring it was “not afraid” of a trade war and vowing to take countermeasures if necessary.
Over the weekend, Trump struck a more conciliatory tone, urging markets to “not worry about China” and hinting that no immediate escalation was planned. The softer rhetoric helped calm sentiment slightly, though traders remain wary of further unpredictable policy shifts.
The dramatic intraday swings underscored how closely crypto markets now track macroeconomic developments and geopolitical risks.
Once considered detached from traditional finance, Bitcoin and other digital assets are increasingly behaving like risk assets — reacting swiftly to global shocks and cross-market flows.
Crypto Prices Today: Altcoins Rebound After Sharp Sell-Off
Most altcoins traded significantly higher on Monday as the broader market began recovering from last week’s crash.
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Ethereum (ETH) rose 9% to $4,167.36, after dipping below $4,000 over the weekend.
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XRP climbed 8.5% to $2.59.
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Solana (SOL) gained 7.7%, Cardano (ADA) rose 9%, and Polygon (MATIC) added 5.7%.
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Among meme tokens, Dogecoin (DOGE) jumped over 10%, while $TRUMP recovered 5.2%.
See also: "Crypto market suffers largest liquidation wave in history — over $19 billion wiped out"
