On the afternoon of the 10th, President Trump announced 100% tariffs on Chinese goods via Truth Social. This news instantly ignited panic across global financial markets. In the subsequent 24 hours, the cryptocurrency market experienced its largest liquidation event in history, with over $19 billion in leveraged positions forcibly closed. Bitcoin plummeted from $117,000, briefly falling below $102,000, recording a single-day drop of over 12%. The US stock market also suffered. At the close on...
