Trump’s Tariff Announcement Triggers Crypto Market Crash

U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports sent shockwaves through the cryptocurrency market, triggering a significant downturn over the weekend. Within just 24 hours, an estimated $19 billion in cryptocurrency positions were liquidated, leading to the removal of nearly 1.6 million investors from the marketplace. Crypto.com CEO Kris Marszalek immediately called for regulatory scrutiny of exchanges, citing concerns about potential unfair trading practices amidst reports of platform outages during periods of high volatility and fluctuating prices.