Bitcoin taps $106,000 before tumbling as Ethereum dips

Bitcoin surged to 106,000 USD before falling by 3.8% to 102,450 USD. In the last 24 hours, 178.46 million USD worth of positions were liquidated, reflecting market volatility after the price spike.

Ethereum’s value decreased by 4.3%, landing at 2,400 USD, resulting in 264.4 million USD in liquidations. This follows a broader concern about inflation influenced by tariffs, prompting price hikes from major retailers.

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