{"id":10963,"date":"2025-02-03T02:16:41","date_gmt":"2025-02-03T02:16:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10963"},"modified":"2025-02-03T02:16:41","modified_gmt":"2025-02-03T02:16:41","slug":"bitcoin-drops-8-to-93k-as-asia-awakens-to-trumps-trade-war","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10963","title":{"rendered":"Bitcoin Drops 8% to $93K as Asia Awakens to Trump’s Trade War"},"content":{"rendered":"
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Major cryptocurrency including bitcoin (BTC), ether (ETH), Solana’s SOL, and XRP were all significantly down as Asia began its trading week.<\/p>\n

By mid-morning Hong Kong time, BTC was down 8%, trading above $93,100, according to CoinDesk Indices data<\/a>.<\/p>\n

\"\"<\/p>\n

Meanwhile, ether (ETH) is down nearly 20%<\/a>, trading at $2,500, while SOL is down 13% at $184<\/a>. XRP is down 28% and trading at $2<\/a>. <\/p>\n

Data from CoinGlass<\/a> shows that over the last 12 hours nearly $1.3 billion in long positions have been liquidated, with around $400 million in long ether positions and $300 million in long BTC positions. <\/p>\n

The market correction stems from a trade war <\/a>that has seemingly been ignited by U.S. President Donald Trump with 25% tariffs being placed on Canada and Mexico. <\/p>\n

Many market observers are skeptical about the benefits of tariffs, with a Wall Street Journal editorial board op-ed<\/a> calling it the “Dumbest Trade War in History” over the weekend. <\/p>\n

Trump, for his part, dismissed criticism, in a series of posts on Truth Social over the weekend<\/a>, suggesting that critics were being funded by China. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major cryptocurrency including bitcoin (BTC), ether (ETH), Solana’s SOL, and XRP were all significantly down as Asia began its trading week. By mid-morning Hong Kong time, BTC was down 8%, trading above $93,100, according to CoinDesk Indices data. Meanwhile, ether (ETH) is down nearly 20%, trading at $2,500, while SOL is down 13% at $184. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10963","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10963"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10963\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}