Bitcoin experienced significant volatility, reaching a peak of $106,500 before quickly falling 3.8% to $102,450 within hours. During this period, $178.46 million in Bitcoin positions were liquidated, indicating an even split between long and short bets. The market turbulence was further compounded by a class action lawsuit against MicroStrategy, which remains bullish on Bitcoin, and concerns over rising inflation tied to trade policies. Meanwhile, Ethereum dropped 4.3% to $2,400, with liquidations in Ethereum positions amounting to $264.4 million, largely in long positions. This comes after a month of positive momentum for cryptocurrencies, despite renewed fears surrounding inflation, especially after Walmart announced price increases influenced by trade tariffs. Investors are wary as the Federal Reserve maintains interest rates with no immediate hikes in sight. Bitcoin remains just 5.8% below its all-time high reached in January 2025, while Ethereum sits 50.9% below its peak from 2021.

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