Bitcoin crashes by 6%: Massive liquidations after US inches announcement also meet Ethereum

Bitcoin crashes by 6%: Massive liquidations after US inches announcement also meet Ethereum
Bitcoin and Ethereum under pressure: massive sale after US customs announcement
In the last 24 hours, Bitcoin (BTC) has recorded a significant drop in 6 %. This development is due to a massive sale, which was triggered by an announcement by the US customs authorities. As a result, long positions worth over $ 247 million were liquidated by Bitcoin. Ethereum (ETH) is also severely affected by these market movements and shows similar downward movements.
This sudden decline in the cryptom market has destabilized the global trade landscape and signals uncertainties among investors. The announcements of the US customs authorities have caused uncertainty in the past few days, which is reflected in the entire spectrum of digital currencies.
The liquidation of long positions is a clear indicator of the volatile nature of the market and shows how quickly market conditions can change. Investors should therefore be particularly careful and follow market developments carefully.
summarizing Bitcoin and Ethereum are currently experiencing significant turbulence, and developments in the global markets are crucial for the future price development of these important cryptocurrencies.