Cryptocurrency markets collapsed after President Trump announced a 100% tariff on Chinese tech imports, sparking the largest liquidation in crypto history. Over $19 billion was wiped out across major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin. Bitcoin briefly plunged below $102,000 before rebounding as panic selling subsided. Analysts said the sharp decline reflected heightened macro uncertainty and risk aversion, with traders cutting leverage exposure amid fears of escalating U.S.-China trade tensions.