Trade War
Crypto prices plunge after Trump's China tariff threats
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Cryptocurrencies experienced a sharp flash crash over the weekend following President Donald Trump's threats of new tariffs on Chinese imports, erasing billions in market value. Bitcoin dropped from highs near $126,000 to below $105,000, while other assets like Ethereum and Dogecoin saw even steeper declines. The event highlighted the sector's volatility amid leveraged trading and global trade tensions.
Trump's tariffs trigger record $19 billion crypto liquidation
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President Donald Trump's announcement of 100% tariffs on Chinese imports sparked the largest cryptocurrency liquidation in history, wiping out $19 billion in leveraged positions. Bitcoin plunged to $104,000, while Ethereum and Solana saw drops of over 14% and 20%, respectively. The sell-off rippled through global markets, with major US stock indices recording their steepest declines in months.
Trump's tariff threat sparks over $7 billion in crypto liquidations
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Cryptocurrency prices plunged on October 10, 2025, after US President Donald Trump announced plans for an additional 100% tariff on Chinese goods and export controls on critical software. Bitcoin fell more than 10% to below $110,000, while other major tokens like Ethereum and Solana dropped 15-30%. The sell-off led to over $7 billion in leveraged position liquidations within hours, according to Coinglass data.
China's Xi arrives in Busan for talks with Trump
Chinese President Xi Jinping arrived in South Korea for the first time in 11 years to attend the APEC summit and discuss trade and security with U.S. President Donald Trump. Trump also traveled to Busan for their first in-person meeting in six years. The summit draws attention amid the U.S.-China trade war and tensions over Korean Peninsula security.
Strategy buys Bitcoin at $123,000 before crypto crash
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MicroStrategy, operating as Strategy, purchased 220 Bitcoin at an average price of $123,561 just before a sharp market downturn. The firm raised $27.3 million through preferred stock sales to fund the acquisition, bringing its total holdings to 640,250 BTC. This move occurred as Bitcoin prices plummeted from over $123,000 to as low as $103,000 amid trade war fears.