If you looked away from crypto markets on Friday, then you missed a record-breaking bloodbath.
Following a Friday morning threat from U.S. President Donald Trump to unleash “massive” new trade tariffs on China, crypto prices began to plunge alongside stocks, representing widespread concern from investors. And then crypto declines rapidly accelerated late in the afternoon when Trump ratcheted up his threats in a follow-up post on Truth Social.
Most crypto assets were suddenly in freefall. Bitcoin had been sitting above the $121,000 mark on Friday morning, but ultimately dipped below $106,000 in the afternoon, according to CoinGecko.
Altcoins were hit much harder. Ethereum went from $4,300 on Friday morning to a multi-month low under…
Oct 11 2025
