#TrumpTariffs Over $19 billion worth of leveraged crypto positions were liquidated in 24 hours, which marks the largest single-day loss in the history of digital currency.

The sell-off triggered by United States President Donald Trump's announcement of a 100% tariff increase on Chinese imports that is set to take place on November 1 sent Bitcoin plummeting to $102,705 before rallying back to $112,775 at 8:58 pm ET, going down by 7.42% in 24 hours, while Ethereum lost 12.05% and is trading for $3,839 at 9:01 pm ET.