Crypto market traders were hit by record liquidations just days after Bitcoin touched an all-time high, volatility triggered in large part by the latest round of tariffs from US President Donald Trump. Cryptocurrency prices tumbled on Friday after Trump said he would impose an additional 100% tariff on China and export controls on software. The declines precipitated, and then were made worse by what data tracker Coinglass described as “the largest liquidation event in crypto history.” Most Read from Bloo ...

Core Insights - The global cryptocurrency market experienced a significant decline, with a total market capitalization dropping from approximately $4.25 trillion to $4.05 trillion, resulting in a loss of nearly $200 billion in value [2] - Bitcoin saw a sharp decrease of 10%, falling from $122,000 to $107,000, while other cryptocurrencies like Ethereum, XRP, and BNB experienced declines of over 15% [2] - The announcement of a 100% tariff on all Chinese imports by the US President marks a shift from rhetoric to actual policy, escalating trade tensions and impacting the technology supply chain [4][5] Market Reaction - The immediate market turmoil was triggered by the announcement of tariffs and the cancellation of a planned meeting between US and Chinese leaders, leading to a sell-off that erased about $125 billion in crypto value and over $800 million in leveraged positions [3][6] - The escalation of trade tensions has led to a broad "risk-off" sentiment across various asset classes, including equities and commodities, as market participants react to the uncertainty [5] Future Outlook - The cryptocurrency market is bracing for volatility, with traders closely monitoring potential responses from Beijing and the possibility of reopening negotiations before the tariff implementation date of November 1 [7]

Trump just declared a trade war on China, and BTC is the only market open right now.All of October and September's gains were wiped out in 10 minutes.Down 16% as low as sub-$105,000. WOW! https://t.co/9cgATG84wy ...

President Donald Trump says he'll impose new 100% tariff on China "over and above" current rates, massively escalating his trade war amid a rare earths dispute. https://t.co/Z8XzXLkuVf ...

Trade War Escalation - The US President plans to impose a new 100% tariff on China, exceeding existing rates [1] - This action significantly intensifies the trade war between the US and China [1] Rare Earths Dispute - The tariff imposition is linked to a rare earths dispute between the two countries [1]

BREAKING: 🇺🇸🇨🇳 TRUMP HAS IMPOSED A 100% TARIFF ON CHINA STARTING FROM NOVEMBER 1ST. https://t.co/NekGC5jBVN ...

Hello and welcome to Market Domination. I'm Josh Lipton live from our NYC headquarters. The trade war is back and Wall Street seen a big sell-off here.President Trump threatens what he calls a massive increase in tariffs on Chinese imports, signaling relations with the nation are deteriorating. We're going more in depth with the market reaction right now. just an hour to go until the closing bell and stocks are lower here.Let's get a look at the major averages. The Dow down is uh here 636 points. The S&P 50 ...

Market Overview - The U.S. stock market faced a significant downturn on October 10, 2025, due to renewed trade tensions between the U.S. and China, following President Trump's threat of a "massive increase" in tariffs on Chinese imports [1][2] - Major indexes experienced sharp declines, with the Dow Jones Industrial Average dropping 0.9% to 45,941.55 points, the S&P 500 falling 1.3% to 6,650.93, and the Nasdaq Composite sliding 1.7% to 22,638.59 [2] Weekly Performance - For the week, all three major indexes were on track to post declines, with the S&P 500 and Nasdaq each losing over 1%, and the Dow Jones heading for a 2% weekly drop [3] - The bond market reacted with the yield on the 10-year Treasury note sinking to 4.09% from 4.14%, indicating a flight to safety amidst market uncertainty [3] Sector Impact - The renewed trade war concerns significantly impacted technology and semiconductor sectors, with shares of Advanced Micro Devices (AMD) sinking nearly 6% and Nvidia (NVDA) finishing down 2.7% after earlier gains [5] - Companies reliant on Chinese imports, such as Nike (NKE) and Amazon (AMZN), saw their shares drop by about 4% each [5] Notable Stock Movements - Applied Digital (APLD) surged 31.7% after reporting better-than-expected revenue and announcing new data center deals [6] - Levi Strauss (LEVI) shares dropped 12.3% despite reporting stronger quarterly profit and raising its full-year outlook, attributed to high investor expectations following a nearly 42% surge in its stock price year-to-date [7] Upcoming Earnings and Economic Data - The third-quarter earnings season is set to begin, with major banks like JPMorgan Chase (JPM), Citigroup (C), and Goldman Sachs (GS) scheduled to report results [8][9] - Key inflation reports, including the Consumer Price Index (CPI) and Producer Price Index (PPI), are anticipated, although their release may face delays due to the ongoing government shutdown [10]

They say no one wins a trade war. Certainly, there are few bigger losers than soyabean farmers in America. But Brazil's producers have found a way of profiting from the upheaval https://t.co/mHiVxNAndvPhoto: Getty Images https://t.co/XR5wCinV4O ...

They say no one wins a trade war. Certainly, there are few bigger losers than soyabean farmers in America. But Brazil's producers have found a way of profiting from the upheaval https://t.co/6F21Sj4U3z ...