Cryptocurrency prices increased significantly in the past 24 hours, with Bitcoin rising 5.5% to above $84,000 Coingecko data. Solana (SOL) and XRP saw gains exceeding 10%.
The price surge aligned with a 90-day pause on most “reciprocal” tariffs announced by President Donald Trump on April 9, 2025, via Truth Social, reducing tariffs to a uniform 10% for countries excluding China, where tariffs rose to 125%.
Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers.
Liquidation Continues Despite Price Increase
In the same 24-hour period, cryptocurrency markets recorded nearly $500 million (₱28.6 billion) in liquidations of perpetual futures positions.
- Data compiled from exchanges showed $141.98 million in Bitcoin (BTC) liquidations, with $101.34 million in Ethereum (ETH).
- Other notable liquidations included Solana at $17.52 million, XRP at $17.99 million, and Dogecoin (DOGE) at $8.34 million.
- Across all tracked assets, long positions accounted for $139.24 million of the total, while short positions comprised $359.07 million.
- The largest single liquidation order occurred on OKX, involving a BTC-USDT-SWAP position valued at $4.47 million.
Exchange Liquidations
Breaking down the liquidation data by timeframe, the past hour saw $19.68 million in total liquidations, with $7.26 million from BTC and $4.93 million from ETH.
- Over four hours, liquidations reached $35.88 million, including $12.96 million on Binance and $9.94 million on Bybit.
- Bitfinex recorded $821.87K, with nearly all from long positions.
- The 12-hour total hit $343.49 million, with BTC and ETH again leading at $51.53 million and $39.00 million, respectively.
- Over the full 24 hours, 132,539 traders were liquidated.
Crypto-related equities also rose. Coinbase Global Inc. increased 19% in early trading, and MARA Holdings Inc. gained 17%, per Bloomberg Terminal data. The S&P 500 Index advanced 1.2% during the same period.
Market Dips Earlier This Week
The tariff adjustment followed a market dip earlier in the week, when Bitcoin fell to around $75,000 and the total cryptocurrency market capitalization declined by over 8%, according to CoinGecko. The total crypto market value stood at $2.8 trillion as of this morning, up from $2.6 trillion earlier in the week, based on CoinGecko figures.
This article is published on BitPinas: Quick Take: Trump Tariff Pause Coincides With Crypto Price Surge, Nearly $500M Liquidations
What else is happening in Crypto Philippines and beyond?
