Donald Trump’s threat of 100% tariffs on Chinese imports caused a record $400bn value wipeout in the crypto market. Bank of England monitors as Asian markets brace for turbulence. Traders lost $19bn in leveraged Bitcoin bets, leading to a prominent Ukrainian crypto blogger’s suspected suicide.

The crash sparked chaos, with some exchanges experiencing delays. Suspicion of insider trading arose after anonymous accounts profited $200m by betting on price falls. The White House remained silent, as markets fear a looming bubble burst in AI stocks and the private credit market’s vulnerability.

The US-China trade war escalates as Trump threatens 100% tariffs, adding to existing 30% levies. Market experts express surprise and concern over potential volatility. The Bank of England warns of overvalued tech stocks and the $3tn private credit market’s risks. Collapse of companies reliant on private credit raises scrutiny and fears of a broader market impact.

Read more at Yahoo Finance: Markets braced for chaos after Trump triggers record-breaking crypto crash