Trump Imposes 100% Tariff on China, Crypto Market Crashes
- Main event: Trump’s tariff announcement on China crashes crypto market.
- Financial impact: Over $19 billion liquidated in 24 hours.
- Severe market volatility and institutional investment shifts observed.
On Monday, the cryptocurrency market faced a tremendous crash after U.S. President Donald Trump issued a 100% tariff on Chinese imports, causing massive price drops and liquidations globally.
The tariff announcement significantly impacted the crypto market, resulting in over $19 billion liquidated in leveraged positions and notable price drops in major cryptocurrencies like Bitcoin, Ethereum, and Solana.
Trump’s 100% tariff on Chinese imports led to an unexpected crypto crash. Traders faced severe losses as markets reacted sharply.
Key figures including Donald Trump announced the decision. This action sparked significant changes in the financial landscape. “I have decided to impose a 100% tariff on all imports from China.” – Donald Trump, President of the United States.
The tariff decision caused immediate market instability. Over $19 billion liquidated, deeply impacting investors globally. “Total liquidations could surpass $30 billion, raising concerns about counterparty exposure and broader market contagion.” – Brian Strugats, Head Trader, Multicoin Capital.
Bitcoin fell below $105,000, while Ethereum dropped to $3,500. Volatility and liquidation risks reached unprecedented levels.
The geopolitical action led to institutional capital rotations into safer assets. The ripple effects are yet to be seen in full.
Historical data suggests potential relief rallies following sharp declines. Investors are bracing for further regulatory or technological responses. “As someone who thought the inevitability of this sort of wipe had been building for months, it was still shocking to see the severity and speed of it.” – Evanss6, Crypto Influencer.
