Bitcoin prices saw a significant surge following comments by former President Donald Trump regarding tariffs on imports. Trump announced he would impose a 10% customs duty on all goods, with the rate being lower than anticipated. This announcement sparked a rapid increase in Bitcoin’s price, reaching over $88,000 and rising by approximately 3% within minutes. Notably, even though Trump criticized various countries, including the UK, in his speech, the market reacted positively to this news. The cryptocurrency market has seen a slight decline since the surge, with Bitcoin currently trading at $87,740. On the other hand, a wave of massive liquidations hit the crypto market within 24 hours. A staggering $337 million in total was liquidated across the entire market, including $215 million from short positions. Key figures include: **Bitcoin**, experiencing the highest liquidation amount of $136 million; **Ethereum** with $47 million in losses; and **XRP** at $12.57 million. This information is presented for informational purposes only and does not constitute investment advice.