Trump’s Tariff Warning Triggers $700 Million Crypto Liquidation

A recent tariff warning by Donald Trump concerning China triggered a substantial cryptocurrency market sell-off, resulting in over $700 million in liquidations within 24 hours. This event highlights the volatility of crypto markets when geopolitical events like tariffs are involved. Trump’s statement on his Truth Social platform was directly responsible for the market decline, impacting various digital currencies. Trump has a history of using tariffs as leverage in international negotiations, and this latest announcement serves as a reminder of their potential impact on the crypto market.