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Crypto Experiences Largest Single-Day Sell-Off in History
Trump’s announcement of 100% tariffs on Chinese imports caused a historic $19 billion crypto liquidation, hitting over 1.6 million traders amid escalating US-China trade tensions.
- Donald Trump announced a 100% tariff on all Chinese goods effective November 1, following China's new export controls on rare earth minerals.
- The newest tariffs triggered chaos in financial markets, with $1.65 trillion lost on the U.S. stock market in one day.
- The announcement led to a massive $19.2 billion crypto market crash, described as the largest single-day liquidation in history, causing significant losses for traders.
- Trump criticized China's actions as hostile, while China's Ministry of Commerce stated that the tariffs were to safeguard national security and interests.
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Crypto’s $200 Billion Crash: Can Bitcoin Hope to Recover?
Key Points President Trump’s tariff threat on Friday triggered a $280 billion crypto market loss, with Bitcoin (BTC) dropping 15%. The $19 billion liquidation event showed how leverage amplifies losses in volatile markets. BTC’s long-term value remains, but leverage risks remain a key concern. It sounds nuts, but SoFi is giving new active invest users up to $1k in stock, see for yourself (Sponsor) Bitcoin (CRYPTO:BTC) has long been the corne…
·New York, United States
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Coverage Details
Total News Sources134
Leaning Left7Leaning Right18Center25Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
14%
C 50%
R 36%
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