The cryptocurrency market is experiencing a rebound after one of its most violent crashes in recent history, triggered by President Trump’s surprise announcement of 100% tariffs on all Chinese imports. This move sent shockwaves through the market, leading to over $200 billion in value erosion and triggering widespread liquidations across exchanges. Bitcoin (BTC) plunged below $106,000 before recovering to $112,000, while Ethereum (ETH) rebounded from $3,500 to $3,800 after intense panic selling. XRP and Solana (SOL) also experienced significant declines, shedding 13.5% and 16.1%, respectively. 3,4 Billion USD worth of leveraged positions were liquidated within 24 hours alone, impacting over 1.6 million traders. Analysts described the event as “panic-driven” due to fears of a prolonged US-China trade war that could significantly impact global capital flows for the rest of 2025.