Yellen Discusses Tariffs; $140M in Crypto Liquidations as Market Volatility Spikes

U.S. Treasury Secretary Janet Yellen’s comments on tariff reductions and U.S.-China relations have sent ripples through global markets, with cryptocurrencies experiencing substantial liquidations. While Yellen highlighted beneficial trade offers from other nations, indicating no current contact with China regarding tariffs, a lack of engagement has led to market uncertainty. This volatility is reflected in the $140 million crypto liquidation witnessed over the past 12 hours, affecting both long and short positions.