Crypto Market Crash Wipes $100B as Bitcoin Drops to $64K Amid Trump Tariff Shock

The crypto market crash on Monday sent shockwaves across digital assets, with Bitcoin price plunging 5% to a low of $64,350, erasing recent gains and weakening bullish sentiment. Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) followed sharply lower, tumbling between 6% and 10% within hours. The sudden sell-off pushed the total crypto market capitalization down nearly 5% to $2.22 trillion, wiping out over $100 billion in 24 hours.

Investor sentiment deteriorated rapidly as the Crypto Fear & Greed Index dropped to an “extreme fear” reading of 5. The downturn coincided with U.S. President Donald Trump raising global tariffs from 10% to 15%, fueling macroeconomic uncertainty. U.S. stock futures declined, with the Nasdaq 100 falling more than 1%, while gold and silver prices climbed on safe-haven demand.

According to Coinglass data, nearly $470 million in crypto liquidations occurred during the crash, impacting more than 135,000 traders. Over $435 million in long positions were liquidated compared to $35 million in shorts, highlighting aggressive leverage unwinding. In just one hour, more than $350 million in long positions were wiped out. The largest single liquidation was a $61.5 million BTC-USDT position on HTX. Exchanges such as HTX, Bybit, and Hyperliquid recorded significant forced liquidations.

On-chain data from Glassnode shows short-term holders continue to realize losses, signaling ongoing market pressure. Meanwhile, Ethereum co-founder Vitalik Buterin sold 1,869 ETH worth $3.67 million over two days, adding to bearish sentiment.

Technically, Bitcoin breached key support below $65,000 and lower Bollinger Bands, increasing downside risks. Analysts warn of a potential Bitcoin drop toward $58,000 if resistance near $69,000 holds. With rising volatility, traders are closely watching macroeconomic data, Federal Reserve policy signals, and crypto market liquidation trends for the next move.