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    Trump’s Tariffs Spark Market Turmoil, $2B in Crypto Liquidations

    Beginner
    Daily Bits
    Feb 3, 2025
    3 min read
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    Daily Top Performer — Hyperliquid (HYPE)

    The S&P 500 fell 0.5% on Friday due to tariffs and weak earnings, ending January up 2.7% but down 1% for the week. Gold fell to $2,795 on tariffs but may find support from Fed cuts and safe-haven demand. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 12.42%, with Bitcoin and Ether dropping by 3.98% and 12.30%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

    Today's top performer is HYPE, which surged 2.73% after the integration of Hyperliquid DEX with CMM for seamless trade tracking and analytics.

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