Crypto sees $6 billion in liquidations in 1 hour over tariff hike
Cryptocurrencies saw more than $6 billion in liquidations within an hour on Friday after US President Donald Trump imposed an additional 100% tariff on China. Bets worth over $19 billion were liquidated in the past 24 hours. World's largest cryptocurrency Bitcoin, which had hit an all-time high earlier this week, dipped more than 12% following the announcement.