Fear! Trump causes cryptos to crash:
Trump threats against China trigger crypto crash with massive liquidations
deraktionaer.de/artikel/krypto/angst-trump-laesst-die-kryptos-crashen-20388185.html
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Trump's Trade Moves Trigger Historic Crypto CrashBitcoin dropped over 7% within 24 hours as $19.2 billion in leveraged positions were liquidated amid escalating US-China tensions.
Key FactsOct 11, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: deraktionaer.de
Summary created with AI assistance · Source: deraktionaer.de
- Trump announced a 100% tariff on Chinese imports starting November, intensifying the trade dispute with China.
- Bitcoin hit $104,582, its lowest since June, and closed the next morning 7% below the previous day.
- Several altcoins suffered deeper declines, with XRP dropping up to 40% in one day and Dogecoin falling 22%.
- Liquidations of leveraged crypto positions reached a record $19.2 billion, amplifying market selling pressure.
The largest liquidation in the history of cryptocurrencies.— Crypto commentator Ash Crypto regarding the current market situation.
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