Article Summary

**Cryptocurrency Markets Plunge as Trump Imposes 100% China Tariffs on Software Imports** The cryptocurrency market experienced a dramatic sell-off Friday morning following President Trump's announcement of sweeping 100% tariffs on critical software imports from China, intensifying the ongoing US-China trade war. Bitcoin, Ethereum, and other major digital assets tumbled as investors fled risk-on positions amid escalating geopolitical tensions. The tariff announcement sent shockwaves through global financial markets, with cryptocurrency exchanges witnessing heavy selling pressure across DeFi tokens, altcoins, and blockchain-related assets. Market analysts warn that prolonged trade disputes could significantly impact cryptocurrency adoption and blockchain technology development, as both countries represent major crypto mining and trading hubs. The sell-off highlights cryptocurrency's continued correlation with traditional risk assets during periods of macroeconomic uncertainty. DeFi protocols and cryptocurrency trading platforms reported increased volatility as traders positioned for potential further escalation. Industry experts suggest the tariffs could disrupt blockchain infrastructure and crypto mining operations that rely on Chinese software components, creating additional headwinds for digital asset prices in the near term.