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Trump's China tariff threat sparks record crypto liquidations
Original: Trump's China tariff threat triggered crypto's largest liquidation ever
President Trump's threat of new tariffs on China triggered the largest liquidation event in cryptocurrency history, as traders rushed to unwind leveraged positions amid a sharp market sell-off. The sweeping forced closures wiped out billions in leveraged bets across Bitcoin and other digital assets, underscoring how sensitive crypto markets remain to Trump's trade policy announcements and US-China tensions.
Why now: The unprecedented scale of the liquidation event and Trump's direct role in triggering it make the story a major talking point for both crypto and markets watchers.
Donald TrumpChinacryptocurrencyBitcoin
Evidence
- Trump's China tariff threat triggered crypto's largest liquidation ever · Startup Fortune
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