Trump’s New China Tariffs Trigger Sharp Crypto Sell-Off, Bitcoin Drops 12%
The cryptocurrency market experienced a significant downturn on Friday following a late-morning announcement by U.S. President Donald Trump, who declared a 100% tariff increase on Chinese imports starting November 1. This unexpected development drove widespread selling pressure across major digital assets, causing prices to plummet in a rapid decline. Bitcoin (BTC), which had already weakened from approximately $117,000, fell below the $110,000 mark, representing a 12% drop within 24 hours. Ethereum (ETH) declined even more sharply, slipping below $3,700 with a 16% decrease. Other prominent cryptocurrencies endured substantial losses, with XRP, Solana (SOL), and Dogecoin (DOGE) tumbling between 20% and












