{"id":30920,"date":"2025-10-11T06:24:59","date_gmt":"2025-10-11T06:24:59","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=30920"},"modified":"2025-12-29T11:44:00","modified_gmt":"2025-12-29T11:44:00","slug":"trumps-100-china-tariff-announcement-triggers-massive-crypto-sell-off","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/trumps-100-china-tariff-announcement-triggers-massive-crypto-sell-off\/","title":{"rendered":"Trump’s 100% China Tariff Announcement Triggers Massive Crypto Sell-Off"},"content":{"rendered":"\n

A crypto apocalypse<\/strong> unfolded as Bitcoin’s price plummeted<\/strong> and exchanges locked up, with some coins experiencing a 10-fold drop.<\/p>\n\n\n\n

Entering the weekend, the 100% tariff<\/strong> announced by Trump on China created a shockwave<\/strong> in the markets. While US stock markets tumbled, the cryptocurrency<\/a><\/em> market<\/strong> experienced an apocalypse.<\/p>\n\n\n\n

Last week, Bitcoin<\/a><\/em><\/strong>, which had pleased its investors by breaking an all-time record, had begun to show signs of recovery along with the broader cryptocurrency market. In particular, the expectation of a second interest rate cut by the FED<\/strong> within the month had given investors hope.<\/p>\n\n\n\n

Bitcoin witnessed an apocalypse<\/strong><\/h2>\n\n\n\n
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However, the spring-like atmosphere did not last long. After trade salvos from the Chinese side to the US, an angered Donald Trump announced that a 100% tariff<\/strong> would be imposed as of November 1st, and all hell broke loose.<\/p>\n\n\n\n

Bitcoin<\/strong> lost nearly 25%<\/strong>, dropping to the $101,000 level<\/strong>. It then recovered to the $113,000 level<\/strong>. All of this happened within a 20-minute timeframe. Countless altcoins<\/strong> experienced value losses of between 95-99%<\/strong>, followed immediately by rises of up to 200%<\/strong>.<\/p>\n\n\n\n

On the futures<\/strong> side, unbelievable things happened. Cosmos<\/strong> fell from the $2 level to $0.001<\/strong>, while Ethfi<\/strong> dropped from $1.5 to $0.08<\/strong>. Major exchanges like Binance<\/strong> and MEXC<\/strong> locked up, preventing trades for an extended period.<\/p>\n\n\n\n

In this apocalyptic scenario, it is reported that a total of 1.5 million users were liquidated<\/strong> on futures exchanges, and nearly $20 billion in long positions were liquidated<\/strong>. Some experts believe that a worse crash than the pandemic period has occurred and that the definition of the Great Reset<\/strong> has become a reality.<\/p>\n\n\n\n

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