The cryptocurrency market has experienced severe volatility in the last 24 hours, leading to a liquidation of more than 500 million in trading positions.

The liquidation came after US President Donald Trump announced new tariffs, which caused severe concern in global markets, including digital currencies.

The price of bitcoin (BTC), which had previously reached 88,500,fell rapidly to The 82,200 range after tariffs were announced. The rest of the major cryptocurrencies in the market also came with a sharp drop.

According to quingless data, about 300 million of these liquidations have occurred in the last few hours alone. At first, the positions of the shorts were liquidated, and then it was long's turn.

Trump's announcement of new trade tariffs had a profound impact on financial markets, and the U.S. stock market fell 1.3 trillion. However, some analysts believe that the remaining price of bitcoin above 82,000 could be a sign of market power.

Of course, there are still more risks lurking in bitcoin. There are two key macroeconomic events this week that could change the direction of the market.

A speech by Jerome Powell, the Fed's chairman, on April 4 could determine the direction of interest rates.
On the other hand, the non-agricultural employment report (NFP) is published, which is projected to represent 80,000 people and is much lower than the previous value of 151,000 people. This could put more pressure on the Fed to change its policies.
Analysts predicted that bitcoin could cross the risk zone if it maintains  76,500 support by April 15. In contrast, if it fails to maintain this level, there is also the possibility of falling to 76,000, which is an ideal buying opportunity.