Trump’s Tariff Threat Sparks Global Selloff — Bitcoin Crashes as Markets Unravel
The world’s markets took a gut punch on Friday after U.S. President Donald Trump threatened a “massive increase” in tariffs on Chinese goods, reigniting fears of a new trade war. The move — framed as retaliation for Beijing’s recent export controls on rare earth metals — triggered a sharp selloff across equities, commodities, and crypto. Is the bull run over? Or is this another Trump fake out?
Bitcoin, which only days ago hit a record high above $126,000, plunged below $106,000 before briefly stabilizing. Ether (ETH), Solana (SOL), and XRP followed suit, with losses ranging from 4% to 7% in late U.S. trading. Crypto-adjacent equities like Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) shed between 5% and 6%, while…
