Crypto Market Collapses Amidst U.S. Tariff on China, Signaling Extreme Fear

The cryptocurrency market has experienced a sharp decline today, plummeting over 4% and wiping out nearly $1 trillion from its total market cap to stand at $2.43 trillion. This steep correction follows the announcement of a 104% tariff amendment on China by the United States, sending shockwaves through global financial markets and impacting even crypto exchanges.