3 hours ago
Bitcoin plunged beneath $110,000 aft Trump announced sweeping tariffs connected China connected Friday, reigniting fears of a broader commercialized and marketplace sell-off.
US President Donald Trump announced a 100% tariff connected China connected Friday, sending the terms of Bitcoin (BTC) reeling beneath $110,000 astatine this writing.
The US president said the tariffs were successful effect to China attempting to spot export restrictions connected uncommon world minerals, which are important for creating machine chips. Trump wrote connected Truth Social:
“It has conscionable been learned that China has taken an extraordinarily assertive presumption connected Trade successful sending an highly hostile missive to the World, stating that they were going to, effectual November 1, 2025, enforce large-scale Export Controls connected virtually each merchandise they make.”
Source: Donald TrumpThe ongoing commercialized warfare sent shockwaves done crypto markets, wiping retired hundreds of billions of dollars successful value, a pattern that unfolded successful April aft Trump announced a sweeping tariff policy.
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