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

Bitcoin experienced a significant 8.4% drop, leading a $19 billion market wipeout. This downturn was triggered by President Trump’s escalation of the US-China trade war, including new tariffs and export controls. The crypto market saw massive liquidations, with over 1.6 million traders affected, raising concerns about broader market contagion.