Apple

Apple Loop: Faster iPhone 17 Leaks, Disappointing iPhone 16 Pro Sales, Critical iOS Update

More From Forbes Sep 26, 2024, 06:30am EDT Why Bitcoin’s Biggest Banker Is Making A Risky Move Sep 27, 2024, 02:57pm EDT Android Circuit: Galaxy S24 FE Launched, Xiaomi’s Important AI Option, Balatro’s Official Release Sep 27, 2024, 02:04pm EDT What’s The Best Way To Watch Megalopolis In A Movie Theater? Sep 27, 2024, 08:01am

More From Forbes Sep 26, 2024, 06:30am EDT Why Bitcoin’s Biggest Banker Is Making A Risky Move Sep 27, 2024, 02:57pm EDT Android Circuit: Galaxy S24 FE Launched, Xiaomi’s Important AI Option, Balatro’s Official Release Sep 27, 2024, 02:04pm EDT What’s The Best Way To Watch Megalopolis In A Movie Theater? Sep 27, 2024, 08:01am
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apple

IPhones made outside US will face tariffs, Trump warns Apple

Trump posted on social media that iPhones made in countries like India, Vietnam should pay a 25% tariff when sold in the US…

Trump posted on social media that iPhones made in countries like India, Vietnam should pay a 25% tariff when sold in the US…
Read More

Continue Reading
Apple

Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling. By Shaurya

Markets

Share this article

X iconX (Twitter)LinkedInFacebookEmail

Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling.

(TheDigitalArtist/Pixabay)

What to know:

  • Bullish crypto bets lost over $500 million as markets reacted to President Trump’s tariff threats.
  • Bitcoin’s price dropped sharply, leading to significant losses across the crypto market, including ether, Solana, XRP, and dogecoin.
  • The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, highlighting market volatility and potential turning points.

Bullish crypto bets lost over $500 million in the past 24 hours as traders took profits and markets slid following President Donald Trump’s fresh threats of tariffs on European imports and Apple products, sparking a wave of liquidations.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Bitcoin, which had been trading above $111,000, dropped quickly to around $108,600, wiping out intraday gains and rattling broader market sentiment.

BTC’s drop was mirrored across the crypto complex, with futures tracking ether (ETH), Solana’s SOL, xrp (XRP) and dogecoin (DOGE) showing losses from $30 million to over $100 million.

Bitcoin futures saw roughly $181 million in losses, while Ether futures accounted for nearly $142 million. Altcoins added another $100 million in liquidations, including notable wipeouts in SOL, DOGE, and XRP.

pic

The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, CoinGlass data shows.

A liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to the trader’s inability to meet the margin requirements.

Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

The pullback arrived just as bitcoin was gaining momentum on ETF inflows and growing institutional interest, leading some to expect a calm weekend.

Instead, volatility returned in full force. With the macro environment now destabilized by renewed trade war fears, traders may remain cautious heading into next week’s sessions.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

X icon

Shaurya Malwa

Latest Crypto News
PTSD

PTSD-Afflicted Crypto Investors Hit the Sell Button After Circle’s Euphoric IPO


Uniswap (UNI) price chart showing decline from $6.44 to $6.2src on June 5, 2src25

UNI Slumps Below $6.21 as Rejection at $6.44 Triggers Fresh Sell-Off


Circle founder and CEO Jeremy Allaire in New York in April. (Jemal Countess/Getty Images)

Circle Shares Surge on NYSE Debut, Signalling Strong Appetite for Stablecoin Issuers


(Women in Web3)

CoinDesk Top Women in Web3 & AI—Methodology


(women in web3)

CoinDesk Top 50 Women in Web3 and AI


Nayib Bukele asiste a la Asamblea Legislativa  por su segundo aniversario en el poder (Foto de Emerson Flores/APHOTOGRAFIA/Getty Images)

White House Crypto Chief Bo Hines Met With El Salvador’s Bukele to Discuss Bitcoin


Top Stories
World Liberty Financial leadership team

Trump Family-Backed World Liberty Financial Just Sent Everyone a (Small) Stimulus Check


Mark Zuckerberg

Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy


James Wynn profit and loss chart (HyperLiquid)

How James Wynn’s $100M Implosion Is Familiar Leverage Tale


Activity on XRP Ledger has slowed. (geralt/Pixabay)

XRP Ledger Payments Count Falls to Lowest Since October as XRP Fails to Keep With Bitcoin


Bear and bull (Pixabay)

Bitcoin Strength Wows Traders After Market Tumble; ETH, DOGE Lead Majors Gains


SHIB's price chart. (CoinDesk)

Shiba Inu Bull Momentum Limited After Buyers Offered Support


!–>!–>!–>
Read More

Continue Reading
Apple

Stock markets slide on Trump social media missives

Stock markets across the western world felt the “chill winds” of Donald Trump’s latest trade salvos on Friday after the US President vowed to levy tariffs on imports from Europe and all Apple products made outside the US. America’s S&P 500 index opened down 1.62 per cent as traders pared back bets on US stocks

Stock markets across the western world felt the “chill winds” of Donald Trump’s latest trade salvos on Friday after the US President vowed to levy tariffs on imports from Europe and all Apple products made outside the US. America’s S&P 500 index opened down 1.62 per cent as traders pared back bets on US stocks …
Read More

Continue Reading
Apple

Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones. By Stephen Alpher Updated May

Markets

Share this article

X iconX (Twitter)LinkedInFacebookEmail

Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.

Donald Trump (Tom Brenner For The Washington Post via Getty Images)

President Donald Trump (Tom Brenner For The Washington Post via Getty Images)

What to know:

  • Risk assets — bitcoin among them — fell sharply during early morning U.S. hours after President Trump reignited what had been cooling trade tensions.
  • Floating along at above $111,000, bitcoin quickly fell about 2.5% on the news.
  • The president threatened a 50% tariff on all EU imports to begin June 1 as well as a 25% tariff on Apple iPhones not made in the U.S.

What was setting up to be a somewhat sleepy session ahead of the holiday weekend is no more as President Trump woke up and chose to reignite what had been cooling trade tensions.

“The European Union … has been very difficult to deal with,” said the president in a Truth Social posting. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the EU, starting on June 1.”

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The leader of the free world also took aim at Apple (AAPL) and its CEO Tim Cook. “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the U.S. will be manufactured and built in the U.S., not India or anyplace else. If that’s not the case, a tariff of at least 25% must be paid by Apple.”

U.S. stock index futures quickly moved from modest gains to nearly 2% declines, with Apple falling 3.6%. Above $111,000 prior to the news, the price of bitcoin

quickly pulled back to $108,600.

Donald TrumptariffBitcoinAppleBreaking News
Stephen Alpher

Stephen is CoinDesk’s managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania’s Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

X icon

CoinDesk News Image

!–>!–>
Read More

Continue Reading