Crypto markets experienced a record-breaking bloodbath on Friday following Trump’s threat of new trade tariffs on China. Bitcoin dropped from $121,000 to below $106,000, while Ethereum fell from $4,300 to under $3,600. Over $19 billion in liquidations occurred, with a majority being long positions. Experts compare this event to past major liquidation events.

The total liquidation amount of $19.13 billion in 24 hours is considered the largest in crypto history, with over 1.6 million traders being liquidated. Top assets like Bitcoin, Ethereum, XRP, Dogecoin, and Solana suffered losses, with Bitcoin down nearly 8% and Ethereum down 12%. Market experts predict further volatility for Bitcoin over the weekend.

The market has seen some recovery since Friday, but assets remain well below recent highs. Bitcoin is currently priced just above $112,000 with a nearly 8% daily loss, while Ethereum is at $3,816 with a 12% loss. Dogecoin took the biggest hit, falling 24% to $0.19, and Solana dropped 18% to $183. Experts expect more red candles than green for Bitcoin over the weekend.

Read more at Yahoo Finance: Bitcoin, Ethereum, Dogecoin Down Bad Amid Record $19 Billion in Crypto Liquidations