China Tariffs Shake Markets: After former US President Donald Trump announced an additional 100% tariff on goods imported from China, the US-China trade tension went up again.
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With this new rule, the total tariffs on Chinese imports will become 130% (30% old + 100% new).
The new tariffs will start from November 1, 2025.
Bitcoin and Ethereum Crashed
Just after this news, the cryptocurrency market crashed badly. Major coins like Bitcoin, Ethereum, Solana, and Binance Coin saw big price drops.
Why Did Crypto Prices Fall?
Experts say that Trump’s new China tariffs are the main reason behind Friday’s big crypto fall.
Many Chinese investors are active in the crypto market. Because of this new trade tension, sentiment turned negative, and large investors started selling.
“Chinese investors hold a large part of cryptocurrencies. After Trump’s 100% tariffs announcement, we saw heavy selling. More selling may come, especially in Bitcoin, Ethereum, Solana, and Binance.”
David Jeong, CEO of Tread.fi, called it a “Black Swan Event” — meaning an unexpected and rare market event. He said many traders didn’t expect such high volatility and lost big money due to leveraged positions.
Caroline Mauron, Co-founder of Orbit Markets, advised Bitcoin traders to be careful. She said,
“If Bitcoin falls below $100,000, it could mark the end of its three-year bull run.”
Big Losses for Traders
According to Bloomberg, more than 1.6 million traders lost over $19 billion after Trump’s announcement.
Data from Coinglass showed that this was the largest liquidation event in crypto history — $7 billion worth of positions were sold within one hour on October 10.
Market Overview
As per CoinMarketCap, the total crypto market cap dropped from $4.30 trillion to $3.74 trillion in one day.
Total trading volume stood at $490.23 billion by the market close.
Bitcoin, which had touched record highs earlier in the week, fell 13.15% on Friday to $105,505.4.
Its market cap dropped to $2.15 trillion, down from the previous high of $2.48 trillion.
Experts believe that the renewed US-China trade tensions could keep the crypto market under pressure for a while.
❓ FAQs
1. Why did Bitcoin and Ethereum fall suddenly?
Because of Donald Trump’s new 100% tariffs on Chinese imports, Chinese investors started selling their crypto holdings, leading to a big crash.
2. When will the new China tariffs start?
The additional 100% tariffs will take effect from November 1, 2025.
3. How much did the crypto market lose?
More than $19 billion was lost in one day, making it one of the biggest crypto crashes in history.
4. What is Bitcoin’s next support level?
Experts say the next big support for Bitcoin is around $100,000. If it breaks below this, a bigger fall could follow.
5. What should crypto investors do now?
Experts advise traders to use stop-loss orders, stay cautious, and avoid high leverage until the market stabilizes.