Trade War Fears Sink Bitcoin to $116K; $1.3B in Leveraged Positions Liquidated

Global markets plunged after U.S. President Donald Trump threatened tariffs on Chinese imports. The downturn in the crypto market saw $549 million in long positions wiped out in four hours. Trump Vows to Counter China’s ‘Monopoly’ Global financial markets were shaken by renewed fears of a cascading trade war after U.S. President Donald Trump escalated