$6 billion wiped out in 1 hour! Trump to impose 130% tariff on China; triggers crypto market sell off

Renewed US-China trade tensions and new export controls triggered a sharp sell-off in cryptocurrency markets. Bitcoin and Ethereum experienced significant drops, with over $6 billion in positions liquidated in just one hour. This downturn reversed recent investor optimism, impacting various risk assets. https://ift.tt/AD8LItY