Crypto faces a historic $19 billion drop as Trump imposes 100% tariffs on Chinese tech

Bitcoin extended its sharp sell-off on Saturday, falling 8.4% to $104,782, after US President Donald Trump escalated the trade war with China by imposing 100% tariffs on Chinese technology exports and export controls on “all critical software”. The announcement caused a record $19 billion loss in the cryptocurrency market, sending major tokens into a tailspin […]

Crypto Sees Record $19 Billion Vanish as Trump Imposes 100% Tariff on Chinese Tech Imports

More than $19 billion was liquidated from the cryptocurrency market on Friday – the largest single-day wipeout ever – after US President Donald Trump announced a 100% tariff on imports of “all critical software” from China. The shock move sent digital assets into a tailspin, leading to massive sell-offs and liquidations of major tokens. According […]