Trump's Tariff Talk Triggers Crypto Turmoil

The crypto world felt the heat from President Donald Trump's latest move. He said he might slap a huge 100% tariff on Chinese imports. This news sent shockwaves through the crypto market. It led to a massive sell-off. Over $19 billion in crypto assets were wiped out in just one day. More than 1. 6 million traders felt the burn. This wasn't just a small blip. It was a record-breaking event. The market reacted strongly to the potential trade war escalation. Crypto prices tumbled, and many traders faced big losses. The liquidations were massive. It showed how sensitive the crypto market is to big political news. The tariff threat wasn't just about crypto. It had wider implications. It showed how global events can impact financial markets. Crypto, often seen as a safe haven, wasn't immune. The market's reaction raised questions about its stability. It also highlighted the risks of trading in such a volatile environment. The sell-off affected major cryptocurrencies. Bitcoin, Ethereum, and others took a hit. Traders scrambled to limit their losses. The market's reaction was a stark reminder. Even in the digital world, politics and economics play a big role. The event also showed the power of social media. Trump's announcement spread quickly. It triggered a wave of panic selling. The speed of the reaction was astonishing. It showed how fast news can move in the digital age. It also showed how unprepared many traders were for such a sudden shift.