Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have suffered significant losses following a massive wave of liquidations totaling $19 billion.

Market Reaction to Geopolitical Tensions

Bitcoin experienced a decline and altcoins faced downward pressure on Friday.

This market movement occurred following heightened tensions between the United States and China.

President Trump's increased threats against China contributed to the price volatility.

The situation resulted in significant record crypto liquidations.