A historic crypto crash rocked markets on Friday, as almost $19 billion in trading positions were liquidated within a single day. This extreme volatility was triggered by US President Donald Trump’s announcement of 100% tariffs on Chinese goods, reigniting the trade war and causing significant market turmoil. The impact was most severe in the cryptocurrency space, with Bitcoin prices plummeting from $125,000 to $113,000 within hours, while Ethereum saw a similar drop of over 12%. The crypto market capitalization fell to $3.87 trillion. 1.6 million traders were affected, with long positions heavily exposed to the sell-off. The USDe stablecoin also experienced volatility, signaling systemic stress in the cryptocurrency derivatives market. Trump’s announcement reignited trade tensions and triggered a series of economic reactions, including stock market crashes and investor panic. While some analysts saw this as a sign of deeper corrections, others believe it presents an opportunity to pick up undervalued assets. The crash serves as a reminder of the volatility inherent in cryptocurrencies and highlights how political events can significantly impact its markets.