Donald Trump's China Tariff announcement wipes billions from Crypto market, sees biggest-ever single day fall

Donald Trump’s China Tariff announcement wipes billions from Crypto market, sees biggest-ever single day fall

Bitcoin suffered a steep 8.4% drop to $104,782 on Saturday, leading a $19 billion wipeout across the cryptocurrency market, triggered by US President Donald Trump’s escalation of the US-China trade war. Trump announced 100% tariffs on Chinese tech exports and stringent export controls on critical software, accusing Beijing of aggressive trade tactics through restrictions on…

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Record liquidations in the crypto market with over $19 billion in bets lost, affecting 1.6 million traders after Donald Trump imposed additional 100% tariffs on China. Experts warn of potential market contagion.

Cryptos see worst sell-off in history! $19 billion gone after Donald Trump’s new 100% tariffs on China crashes markets

More than 1.6 million traders lost over $19 billion on cryptocurrency bets as the market crashed from Donald Trump‘s announcement of additional 100 per cent tariffs on China, according to a Bloomberg report. Citing 24 hour data from Coinglass, the report noted that more than $19 billion have been wiped out in the “largest liquidation…

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