$9.4B Wiped Out In Crypto Sell-off After Trump's Warning

$9.4B Wiped Out In Crypto Sell-off After Trump's Warning

By Cointribune
This Friday, Donald Trump announced 100% tariffs on all Chinese products, in response to a commercial offensive from Beijing. The reaction was swift, as bitcoin dropped below 110,000 dollars, falling to 102,000 dollars on Binance, its worst performance since the end of June.

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**Massive Crypto Market Crash: $9.4 Billion Lost as Bitcoin Plunges Below $110K Following Trump Tariff Announcement**

The cryptocurrency market experienced a devastating sell-off Friday, with $9.4 billion wiped from digital asset valuations after Donald Trump announced aggressive 100% tariffs on Chinese products. Bitcoin, the world's leading cryptocurrency, suffered its worst performance since June, crashing from above $110,000 to $102,000 on major exchange Binance.

This dramatic price movement highlights the ongoing correlation between traditional geopolitical events and blockchain-based digital currencies. The crypto market's swift reaction to Trump's tariff warning demonstrates how macroeconomic factors continue influencing cryptocurrency trading patterns and investor sentiment.

The Bitcoin price drop represents significant volatility in the decentralized finance (DeFi) ecosystem, affecting altcoins and the broader cryptocurrency landscape. Traders and institutional investors closely monitoring market conditions witnessed substantial liquidations across major trading platforms.

This latest crypto market turbulence underscores the importance of risk management strategies for digital asset portfolios. As regulatory uncertainty and international trade tensions persist, cryptocurrency markets remain susceptible to external political and economic pressures, making diversification crucial for blockchain investment strategies.

Article Details

Market Sentiment
negative
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin

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