Crypto Token Tracker logo Crypto Token Tracker logo
coinpedia 2025-02-08 16:40:43

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 Bitget’s Ryan Lee, warn that falling under $90,500 could trigger bearish trends. While short-term risks loom, DFG’s 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 Bitcoin’s near-term price trajectory.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.