Tariffs
Trump's tariff threat sparks over $7 billion in crypto liquidations
11 Mwezi wa kumi, 2025 Picha iliyoundwa na AI
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.
Trump proposes tariffs amid economic shutdown fears
3 Mwezi wa kumi, 2025 Imeripotiwa na AI
Former President Donald Trump has outlined plans for sweeping tariffs on imports, raising concerns about potential economic disruptions. Economists and business leaders warn that such measures could exacerbate ongoing economic pressures, including risks of a partial shutdown. The proposal comes as the U.S. navigates post-election uncertainties.