Crypto Market Plunges After Trump Imposes 100% Tariffs on Chinese Goods
New trade war fears trigger mass sell-off
Global crypto markets faced a sharp downturn following Donald Trump’s announcement of new 100% tariffs on Chinese imports and the cancellation of his meeting with Xi Jinping.The sudden escalation raised fears of a renewed US–China trade war, triggering a massive wave of liquidations across digital asset exchanges.
According to market data, more than 1.5 million traders were liquidated, with total losses exceeding $7.5 billion within hours of the announcement.
Bitcoin, Ethereum, and Solana lead the crash
Bitcoin (BTC) fell by over 20%, reaching as low as $112,000 before a short-lived rebound.Ethereum (ETH) dropped by 16%, while Solana (SOL) declined by around 20%.
Altcoins suffered even heavier losses — many losing up to 80% of their market value.
Total liquidations surpass $13.5 billion
Across all exchanges, the total liquidation volume reached $13.5 billion, making it one of the largest single-day crypto crashes in history.High-leverage traders faced the heaviest losses as cascading margin calls amplified market pressure.
Analysts expect short-term rebound
Despite the panic, experts note that Bitcoin remains above key support zones and that oversold indicators point to a potential short-term recovery.At the time of writing, BTC trades near $112,000 after partial stabilization during the Asian session.
Conclusion
The shock from Trump’s tariff policy has reignited global risk aversion and reminded investors of crypto’s correlation with macroeconomic shocks.Markets now await further comments from both Washington and Beijing to gauge the next phase of volatility.
Editorial Team — CoinBotLab