$6 Billion Wiped Out in 1 Hour! Trump to Impose 130% Tariff on China; Triggers Crypto Market Sell Off - The Times of India

Trump’s new 100% tariffs on China triggered an $18 billion crypto sell-off

(CNN) — President Donald Trump’s threat to impose an additional 100% tariff on imports from China sparked a massive cryptocurrency sell-off late Friday that exposed risky leverage in the space. Digital currencies bitcoin, ether and solana were among the most affected cryptocurrencies, bringing total liquidations to $18.28 billion as of 3:47 p.m. ET, according to data analysis platform CoinGlass. The losses for cryptocurrencies come amid a broad …

Crypto sees more than $6 billion in liquidations after Trump tariff threats to China

Crypto market traders were hit by record liquidations just days after Bitcoin touched an all-time high, volatility triggered in large part by the latest round of tariffs from U.S. President Donald Trump.

$6 billion wiped out in 1 hour! Trump to impose 130% tariff on China; triggers crypto market sell off - The Times of India

Renewed US-China trade tensions and new export controls triggered a sharp sell-off in cryptocurrency markets. Bitcoin and Ethereum experienced significant drops, with over $6 billion in positions liquidated in just one hour. This downturn reversed recent investor optimism, impacting various risk assets.

Crypto markets tumble as Trump threatens 100% tariffs on China

Cryptocurrency prices have plunged after US President Donald Trump vowed to hit China with fresh 100% tariffs within weeks. America will also impose export...

Trump says never cancelled meeting with Xi, but unsure if it will take place

"But I’m going to be there regardless, so I would assume we might have it," the American leader told

Trump says he will impose additional 100% tariffs on China

The new tariffs on Chinese goods will kick in on November 1. These tariffs are on top of the 30% duties already in place on Chinese imports.