The cryptocurrency market experienced significant volatility following Trump's announcement of a 100% tariff on Chinese imports in response to China's rare earth export restrictions. Bitcoin plummeted to $102,000 before rebounding to $112,000, with total liquidations reaching a record $19 billion. During this period, Binance faced severe price discrepancies, with USDe, wBETH, and BNSOL experiencing sharp declines, leading some traders to suspect coordinated attacks. U.S. Vice President Vance's call for "rational negotiations" provided slight relief to market sentiment, though liquidity remains fragile. Market participants are now closely monitoring potential retaliatory actions from China.