As reported by Coindesk, U.S. President Trump's announcement of a 100% tariff on Chinese goods triggered a sharp decline in crypto prices on October 10, 2025. Bitcoin fell over 12% in 24 hours, while Ether dropped 16%, and altcoins like XRP, SOL, and DOGE crashed 20%-30%. The market turmoil led to over $7 billion in liquidations, with traders citing 'overbought' conditions and geopolitical tensions as key factors.
Trump Tariff Threat Sends Bitcoin and Altcoins Plummeting 10%-40%
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