{"id":17278,"date":"2025-10-12T06:10:43","date_gmt":"2025-10-12T06:10:43","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?p=17278"},"modified":"2025-10-12T06:10:43","modified_gmt":"2025-10-12T06:10:43","slug":"trumps-new-tariffs-on-china-trigger-massive-crypto-crash-from-bitcoin-to-ethereum-heres-what-happened","status":"publish","type":"post","link":"https:\/\/lotayamedia.xyz\/?p=17278","title":{"rendered":"Trump\u2019s New Tariffs on China Trigger Massive Crypto Crash \u2014 From Bitcoin to Ethereum, Here\u2019s What Happened"},"content":{"rendered":"

Global crypto markets faced a brutal selloff on Friday after U.S. President Donald Trump announced sweeping new tariffs on Chinese imports<\/strong>, sending shockwaves through both traditional and digital asset markets.<\/p>\n

The administration revealed plans to raise tariffs on Chinese goods by an additional 100%<\/strong>, effectively increasing the total rate to 130% (30% existing + 100% new)<\/strong>. The new tariffs are set to take effect on November 1, 2025<\/strong>, sparking a sharp retreat across leading cryptocurrencies, including Bitcoin (BTC)<\/strong>, Ethereum (ETH)<\/strong>, Solana (SOL)<\/strong>, and Binance Coin (BNB)<\/strong>.<\/p>\n

According to analysts, the move reignited fears of a global trade war, dampening investor sentiment and triggering what many are calling one of the most dramatic crypto crashes of the year.<\/p>\n

For a detailed breakdown of how trade tariffs affect global markets, see this Investopedia explainer on tariffs and economic impact<\/a>.<\/p>\n

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Why Did Cryptocurrencies Plunge After Trump\u2019s Announcement?<\/h3>\n

Experts say that China\u2019s large investor base in the crypto ecosystem played a key role in amplifying the selloff. Anuj Gupta<\/strong>, Director at Ya Wealth<\/strong>, explained that \u201cChinese investors are among the biggest holders of cryptocurrencies. Trump\u2019s sudden 100% tariff decision prompted widespread liquidation, leading to intense sell pressure on major digital assets.\u201d<\/p>\n

He added that the decline was \u201con expected lines,\u201d given the strong reaction to the tariff escalation. Gupta predicts further short-term selling<\/strong> in Bitcoin, Ethereum, Solana, and Binance Coin as investors recalibrate their portfolios.<\/p>\n

Meanwhile, David Jeong<\/strong>, CEO of Tread.fi<\/strong>, described the event as a \u201cBlack Swan moment\u201d<\/strong> for the crypto market. \u201cMany institutional traders were unprepared for such a sudden policy shock,\u201d he said. \u201cGiven how leveraged perpetual futures are structured, the resulting liquidations were massive.\u201d<\/p>\n

For more on how institutional leverage affects crypto markets, check out CoinDesk\u2019s guide to crypto futures trading<\/a>.<\/p>\n

\n

Bitcoin Price Outlook: Can It Hold Above $100K?<\/h3>\n

Following the crash, Caroline Mauron<\/strong>, co-founder of Orbit Markets<\/strong>, urged investors to maintain tight stop-loss orders. \u201cThe next major support for Bitcoin is around the $100,000 mark<\/strong>. If it breaks below this level, it could signal the end of the current three-year bull cycle,\u201d she warned.<\/p>\n

Data from CoinMarketCap<\/a> showed the global crypto market cap plunged to $3.74 trillion<\/strong>, down from $4.30 trillion<\/strong> just a day earlier. Trading volume also surged to $490 billion<\/strong>, reflecting panic-driven exits.<\/p>\n

By Friday\u2019s close, Bitcoin fell 13.15%<\/strong> to $105,505<\/strong>, while its market capitalization slipped to $2.15 trillion<\/strong>, accounting for about 59% of the total crypto market cap<\/strong>.<\/p>\n

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$19 Billion Wiped Out \u2014 Largest Crypto Liquidation in History<\/h3>\n

According to a Bloomberg<\/strong> report, more than 1.6 million traders<\/strong> saw losses exceeding $19 billion<\/strong> within 24 hours \u2014 marking the largest liquidation event in crypto history<\/strong>. Over $7 billion worth of positions were sold<\/strong> within a single hour of trading after Trump\u2019s announcement on October 10.<\/p>\n

For in-depth data on crypto liquidations and trader statistics, see Coinglass\u2019s real-time liquidation tracker<\/a>.<\/p>\n

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The Bigger Picture: Trade Tensions Meet Digital Volatility<\/h3>\n

Analysts at CNBC Markets<\/a> suggest that the combination of geopolitical tensions and overleveraged crypto trading<\/strong> could spark more turbulence in the coming weeks. As global investors digest the full implications of Trump\u2019s tariff escalation, cryptocurrencies may continue to see high volatility and sharp corrections.<\/p>\n

Still, long-term believers argue that the current dip could present buying opportunities once markets stabilize \u2014 especially if inflation cools and monetary policy eases.<\/p>\n

\n

Bottom Line<\/h3>\n

Trump\u2019s renewed tariff war with China has sent shockwaves far beyond traditional markets, exposing just how interconnected global trade and digital assets have become. While short-term volatility remains a concern, seasoned investors are watching key support levels closely \u2014 particularly Bitcoin\u2019s $100K threshold<\/strong> \u2014 to gauge whether this is a temporary correction or the start of a deeper crypto winter.<\/p>\n

For ongoing updates on cryptocurrency market movements and expert insights, visit CoinDesk<\/a> or Bloomberg Crypto<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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