Bitcoin (BTC) Down 10%, ETH, XRP, SOL in Freefall on Trump Tariff on China
Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.
Bitcoin , already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether tanked 16% below $3,700, while other major altcoins , solana and crashed 20%-30%. The native tokens of , Chainlink and Aave fell as much as 40%
Friday’s market meltdown lead to over $7 billion in liquidations from traders who bet on higher prices, according to CoinGlass.
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