AltCoin Crash: Ethereum Wipes Out Half-Year Gains, XRP Plunges 40% in One Day, SOL Drops Below $180, Over 710,000 People Get Liquidated for Over 2 Billion Dollars

After US President Trump officially launched a tariff war against Canada, Mexico, and China last week, the cryptocurrency market continued to panic sell. BTC once plummeted to $91,182 with a long wick candle, and the altcoin market was hit hard. (Recap: Rare bearish sentiment on BTC from Rich Dad: The US may be facing condemnation, and if BTC collapses, it's time to buy cheap) (Background: Trump threatens to impose 100% tariffs on Taiwan: 98% of global chips come from Taiwan! Production needs to return to the US) In the background of Trump's tariff war, the encryption market further widened its decline earlier around 10 o'clock! BTC once had a long wick candle at $91,182, and the 2025-year rise has been completely wiped out. At the time of writing, it rebounded to $94,468. It remains to be seen whether it has reached the bottom, but it is certain that leverage in the market has once again undergone a major purge. Over the past 24 hours, over $2 billion in BTC has been liquidated amid continuous price drops. According to Coinglass data, the total amount of cryptocurrency liquidated on the entire network has exceeded $2 billion in the past 24 hours, with long orders liquidated at $1.81 billion and short orders liquidated at over $288 million, with over 710,000 people liquidated. Ethereum once fell below $2,100. Other altcoins performed even weaker, with Ethereum once having a long wick candle at $2,086, falling back to August last year's price level. Although it has rebounded to above $2,400, it still has a drop of over 20% in the past 24 hours. Solana approached the low point of mid-January. Although SOL also experienced a sharp decline, it recently reached a low of $175, approaching the low point of January, but the 24-hour decline is still smaller than Ethereum. It is currently trading at around $185.8. XRP once had a long wick candle at $1.78. Among the top ten tokens, XRP suffered the worst decline, with a maximum drop of 40% in the past 24 hours. It once had a long wick candle at $1.78, returning to the starting point of December last year's rise, indicating that there were a large number of contract investors liquidated. Related reports: China calls for help for A-shares! Plans to inject billions of yuan annually, but the market is still concerned about Trump's tariff threat. Gold breaks resistance, will BTC take over? Analyst: Trump's tariff threat triggers a massive trend of funds seeking refuge. Trump announces 25% tariffs on Canada and Mexico, the US dollar index soars. Will the US stock market be in trouble tonight? Ethereum wipes out six months of gains, XRP plunges 40% in a day, SOL falls below $180, and 710,000 people liquidated over $2 billion. This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.