Crypto Market Meltdown: $19 Billion Lost in Forced CEX Liquidations

In a stunning display of market volatility, the cryptocurrency market suffered its most significant one-day collapse ever. A cascade of forced liquidations triggered by panic selling and leveraged trading wiped out over $19 billion in assets. The sell-off began after U.S. President Donald Trump announced a 100% tariff on Chinese imports, leading to a global market selloff that affected both stocks and cryptocurrencies alike.