Bitcoin Crash Linked to Trump Tariffs, But Deeper Market Weaknesses Exacerbate Plunge

The recent decline in the crypto market, which saw Bitcoin plummet by more than 10% following a tweet from President Donald Trump announcing a 100% tariff on Chinese goods, has led many investors to blame it on geopolitical tensions. However, analysts believe that this crash was fueled not only by Trump’s announcement but also by the underlying vulnerabilities in the crypto market, such as excessive leverage.