Crypto Market Rocked by Trump’s Tariffs: Exacerbated Losses & Regulatory Concerns

A shockwave hit the cryptocurrency market as US President Donald Trump announced a 100% tariff on Chinese imports, sparking widespread volatility. The announcement led to a staggering $19 billion in asset liquidations within a single day, affecting approximately 1.6 million traders. Crypto industry leader Kris Marszalek of Crypto.com urged regulators to investigate exchanges’ transparency and performance during high-volatility periods, citing reports of extended outages and price discrepancies. His concerns follow a historic surge in liquidations, ranging from $19 billion to $20 billion over the weekend.