Read, Watch or Listen

President Donald Trump’s threat of an additional 100% tariff on Chinese imports ignited a late-Friday crypto rout, exposing risky leverage and prompting $18.28 billion in liquidations, according to CoinGlass, which called it the largest in crypto history. Bitcoin slid nearly 10% over five days, briefly dropping to $103,000 before bouncing; ether fell 14% and solana nearly 20%. The sell-off arrived as the Nasdaq and S&P 500 posted their steepest six-month declines, amid renewed U.S.-China trade tensions after fresh Chinese export curbs on rare earths.

Prepared by Christopher Adams and reviewed by editorial team.