This past week witnessed a tumultuous journey for the cryptocurrency market with Bitcoin experiencing sharp losses, while altcoins were hit even harder. The volatility stems from escalating geopolitical tensions involving US President Trump and Russia’s President Putin following his meeting earlier this week. [Add link to a source reporting on the Trump-Putin meeting if possible] Initial resistance from BTC allowed it to briefly climb past $120,000 before plummeting to under $117,000 after US President Trump threatened new tariffs on China, leading to widespread leveraged liquidations and a $19 billion market wipeout. [Add a brief explanation of the impact of leveraged trading] Altcoins were significantly impacted by this downturn with losses exceeding 99% in some instances. The price of Bitcoin later rebounded to above $116,000 but was rejected near that level. A subsequent meeting between Trump and Putin on [date or mention of event] resulted in a further slide of BTC to $108,500. Although, the market stabilized briefly before another drop yesterday.