The cryptocurrency market suffered historic losses on Saturday, with over $19 billion wiped out in what data tracker Coinglass described as “the largest liquidation event in crypto history,” after US President Donald Trump announced 100% tariffs on China and new export controls on software.
Two major cryptocurrencies, Bitcoin and Ethereum, crashed as investors reacted to fears over a renewed trade war, with many moving funds into stablecoins or safer assets, according to The Independent.
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