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

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.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 source: https://www.coindesk.com/markets/2025/05/24/crypto-bulls-lose-500m-as-bitcoin-hovers-around-108k-after-trumps-tariff-threats