Crypto market sells off as Trump threatens more tariffs on China

**Cryptocurrency Markets Plunge as Trump Escalates China Tariff Threats**

The cryptocurrency market experienced significant selling pressure Friday following President Donald Trump's announcement of potential "massive" tariff increases on China. Bitcoin and major altcoins declined sharply as investors fled risk assets amid escalating trade tensions between the world's largest economies.

The crypto selloff reflects broader financial market volatility, with digital assets demonstrating correlation with traditional markets during geopolitical uncertainty. Blockchain-based currencies, including Ethereum and other DeFi tokens, faced downward pressure as traders sought safe-haven assets over speculative investments.

Market analysts warn that continued trade war escalation could further impact cryptocurrency adoption and institutional investment flows. The tariff threats create additional regulatory uncertainty for digital assets, particularly affecting crypto exchanges and blockchain companies with Chinese operations.

This latest development highlights cryptocurrency's sensitivity to macroeconomic factors and geopolitical risks. As the Trump administration intensifies trade rhetoric, crypto investors are closely monitoring potential impacts on market sentiment and digital asset valuations. The correlation between traditional financial markets and cryptocurrency prices remains evident during periods of global economic uncertainty.