Trump’s Tariffs Unleash $19 Billion Crypto Liquidation Event

A historic $19 billion liquidation event swept through the crypto market, triggered by President Trump’s recent tariff announcement targeting Chinese imports. This major downturn impacted major and altcoin markets alike, leaving over 1.6 million traders reeling. Key figures such as Binance CEO Changpeng Zhao and Multicoin Capital trader Brian Strugats highlighted the potential for further market volatility and urged risk management strategies to mitigate future contagion risks.