U.S. Tariffs Trigger $19 Billion Crypto Market Drop

A sudden market crash saw the cryptocurrency market lose over $19 billion in value following a U.S. tariff announcement targeting Chinese goods. The move, triggered by President Trump’s 100% tariff on imports from China, led to widespread volatility and forced liquidations across major cryptocurrencies including Bitcoin and Ethereum. This event highlights the susceptibility of the cryptocurrency market to geopolitical tensions and their impact on leverage trading practices.