Fresh tariffs on Chinese goods entering the US jolted markets that had seen a massive run-up in leveraged crypto trading, causing Friday’s record-setting flash crash. Prices of major cryptocurrencies nosedived immediately after US President Donald Trump announced 100% tariffs on Chinese goods Friday. As crypto markets dipped, leveraged traders were forced to close out their positions, causing a cascade of liquidations that eventually topped $19 billion. “As someone who thought the inevitability of this ...