Bitcoin drops below $90K as selloff triggers $580 million in liquidations

Bitcoin dropped below the $90,000 mark on Tuesday, declining over 3% as global risk assets reacted negatively to escalating trade tensions, specifically President Trump's announcement of new tariffs and threats regarding a trade war over Greenland. This sharp decline triggered over $580 million in liquidations across the crypto market in the preceding 24 hours, with long positions on Bitcoin and Ethereum bearing the brunt of the forced closures. The total crypto market capitalization fell by about 3% to $3.1 trillion, dragging down major altcoins like Ethereum (near $3,000), Solana ($127), and XRP ($1.91). Monero experienced the steepest drop among major assets, falling over 11% to $538.

(Source：Crypto Briefing)