Crypto Liquidations Nearly at $1B as President Trump Hints at New Trade War With China

**Cryptocurrency Markets Face $1 Billion Liquidation Crisis Amid US-China Trade Tensions**

Cryptocurrency markets experienced massive turbulence Friday as liquidations approached the $1 billion mark following President Trump's hints at renewed trade warfare with China. The total crypto market capitalization dropped approximately 2%, falling from previous highs to hover around $4 trillion at press time.

Bitcoin, Ethereum, and other major digital assets mirrored traditional stock market declines as investors fled risk assets amid escalating geopolitical tensions. The widespread crypto liquidations highlight the sector's continued correlation with broader financial markets during periods of economic uncertainty.

DeFi protocols and blockchain-based assets weren't immune to the selloff, with trading volumes spiking across major cryptocurrency exchanges as automated liquidation mechanisms triggered massive position closures. The market downturn underscores how traditional geopolitical events continue influencing digital asset valuations despite cryptocurrency's decentralized nature.

Traders are closely monitoring both US-China trade developments and Federal Reserve policy signals that could further impact crypto market stability. The $1 billion liquidation threshold represents significant institutional and retail investor exposure to leveraged cryptocurrency positions during this volatile period.