TRADER456
2025-10-11

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Bitcoin’s Flash Crash Sees $7B Crypto Liquidation as Trump Ramps Up China Trade War

BTC tumbled 10% on Friday, while ETH, SOL and XRP crashed 15%-30% in a crypto flash crash as trade tensions escalate between the U.S. and China.

Friday's market meltdown lead to over $7 billion in liquidations from traders who bet on higher prices, according to CoinGlass.

The latest flare-up in trade tensions between U.S. and China occurred as Trump said he would increase tariffs in Chinese goods in response to China's export controls on rare earth metals. Then, after traditional markets closed for the week, he announced in an Truth Social post late Friday afternoon that he would impose an additional 100% tariff starting on November 1.

What to know:

U.S. President Trump announced a 100% additional tariff on China, causing a sharp decline in crypto asset prices.

Bitcoin fell below $110,000, tumbling over 10% in 24 hours, while ETH, XRP and SOL saw prices crashing 15%-30%.

Crypto assets were already battered in the early session after Trump's threat on increasing tariffs on Chinese goods in response to export controls on rare earth metals, escalating trade tensions between the U.S. and China.

25bps Rate Cut! Will Market Fresh New Highs Ahead of China–US Summit?
The Federal Reserve cut interest rates by 25 basis points as expected and announced the end of quantitative tightening (QT). Powell stated that a rate cut in December is by no means a done deal. Trump tweets that "a great trip" in Asia. This week, the US stock market hit new highs with Nvidia offering super boost. Meanwhile, gold also rebounds back to $4000. ---------- Will the market rally together with gold? Is gold bull market back and pullback ending? What's your view at this point?
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Comments

  • Sporeshare
    2025-10-11
    Sporeshare
    black Friday! will it continue next week!
  • dimzy5
    2025-10-13
    dimzy5
    Crazy volatility
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