Crypto Market Crash: $9 Billion Liquidations Triggered by Trump’s China Tariffs

The cryptocurrency market experienced a dramatic downturn on Friday evening, with over $200 billion in value wiped out. This plunge was triggered by President Donald Trump’s announcement of 100% tariffs on Chinese imports and new export controls. The move sparked concerns about an escalating trade war between the US and China, sending Bitcoin plummeting more than 15% and triggering massive liquidations across various exchanges.