TRADER456
10-11

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Bitcoin’s Flash Crash Sees $7B Crypto Liquidation as Trump Ramps Up China Trade War

BTC tumbled 10% on Friday, while ETH, SOL and XRP crashed 15%-30% in a crypto flash crash as trade tensions escalate between the U.S. and China.

Friday's market meltdown lead to over $7 billion in liquidations from traders who bet on higher prices, according to CoinGlass.

The latest flare-up in trade tensions between U.S. and China occurred as Trump said he would increase tariffs in Chinese goods in response to China's export controls on rare earth metals. Then, after traditional markets closed for the week, he announced in an Truth Social post late Friday afternoon that he would impose an additional 100% tariff starting on November 1.

What to know:

U.S. President Trump announced a 100% additional tariff on China, causing a sharp decline in crypto asset prices.

Bitcoin fell below $110,000, tumbling over 10% in 24 hours, while ETH, XRP and SOL saw prices crashing 15%-30%.

Crypto assets were already battered in the early session after Trump's threat on increasing tariffs on Chinese goods in response to export controls on rare earth metals, escalating trade tensions between the U.S. and China.

Bitcoin Defends $85K: Is Bull Cycle Nearing Its End?
Bitcoin is trading around $85k, a key support level. Coinbase is pushing beyond pure crypto trading, expanding into equities and prediction markets in a bold move toward becoming a “one-stop” financial super app. Strategy defended its positioning after index-removal concerns, with Saylor backing the stock with a $2.8 billion commitment. Historically, post-halving rallies have often been followed by sharp drawdowns. Is this Bitcoin bull market ending? Does ETF + political support change Bitcoin’s post-halving cycle?
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Comments

  • Sporeshare
    10-11
    Sporeshare
    black Friday! will it continue next week!
  • dimzy5
    10-13
    dimzy5
    Crazy volatility
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