Crypto Markets Crash As US-China Trade War Officially Begins With Trump's 100% Tariff

Crypto Markets Crash As US-China Trade War Officially Begins With Trump's 100% Tariff

By BeInCrypto
The global crypto market plunged again late Friday after US President Donald Trump announced sweeping new tariffs and export controls on China, escalating tensions to their highest point since 2019.

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**Cryptocurrency Markets Plummet as Trump Announces 100% China Tariffs, Sparking Global Trade War Fears**

The cryptocurrency market experienced a sharp decline Friday following President Trump's announcement of unprecedented 100% tariffs on Chinese goods, marking the most severe escalation in US-China trade tensions since 2019. Bitcoin and major altcoins tumbled as investors fled risk assets amid growing geopolitical uncertainty.

The crypto crash reflects broader market anxiety over potential economic disruption from the sweeping trade measures, which include new export controls targeting Chinese technology sectors. Digital asset markets, known for their volatility during macroeconomic stress, saw widespread selling pressure across DeFi tokens, blockchain projects, and cryptocurrency exchanges.

Market analysts warn that prolonged trade war escalation could impact cryptocurrency adoption and blockchain development, particularly affecting crypto companies with Chinese operations. The selloff underscores how traditional geopolitical events continue influencing decentralized digital currencies, despite their original design as alternatives to government-controlled financial systems.

Traders are closely monitoring Bitcoin price action and broader cryptocurrency market sentiment as the trade dispute unfolds, with potential implications for institutional crypto investment and regulatory developments.

Article Details

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

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Source: BeInCrypto

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