Today, the crypto market experienced a massive crash and liquidation event, with over $19 billion wiped out in hours. This crash was triggered by a combination of factors, including the announcement by President Donald Trump of 100% tariffs on Chinese imports starting November 1. This announcement shocked global markets and caused Bitcoin to plunge to around $102,000, with altcoins dropping up to 90% and over $1 trillion in market cap vanishing. The crash led to the largest liquidation event in crypto history, nearly 20 times bigger than the March 2020 COVID crash and far surpassing the FTX collapse losses. Many leveraged traders were hit hard as exchanges faced extreme volatility and liquidity issues, amplified by trading bots and algorithms. Centralized price oracles on some exchanges also glitched or were manipulated, triggering mass liquidations. Despite this turmoil, blockchain-based systems and DeFi infrastructure remained stable. Key crypto assets today showed sharp declines: Bitcoin fell over 7%, Ethereum dropped 12%, Binance Coin lost nearly 10%, and XRP plunged over 13%. Stablecoins and wrapped tokens on Binance notably depegged during the turmoil. Crypto.com CEO called for regulatory investigations into exchanges to ensure fair practices amidst the crash. Overall, today's crypto crash was historic in scale and reflects the intense market sensitivity to geopolitical and macroeconomic news, illustrating risks in leveraged trading and centralized systems within crypto markets.