Crypto prices fell after President Trump threatened to increase tariffs on China. Bitcoin dropped below $119,000, down 1.7% to $119,028. Ethereum and Solana also saw sharp decreases, down almost 5% to $4,107 and $211 respectively. Market liquidations spiked, totaling $459 million in the last hour and $773 million in 24 hours.

The Nasdaq dropped 1.77%, S&P 500 fell 1.25%, and Dow dipped 0.83% on Friday. Trump hinted at increasing tariffs on Chinese products, causing market uncertainty. More updates to follow.

Read more at Yahoo Finance: Bitcoin, Ethereum Dive Alongside Stocks as Trump Threatens ‘Massive’ China Tariffs