Why Bitcoin Price, Ethereum, XRP, Solana, Other Altcoins Are Suddenly Falling
The post Why Bitcoin Price, Ethereum, XRP, Solana, Other Altcoins Are Suddenly Falling appeared on BitcoinEthereumNews.com.
US President Donald Trump’s statement on more tariffs on China triggered a massive selloff in Bitcoin price, Ethereum, BNB, XRP, Solana and other crypto assets. This caused a broader crypto market crash on Friday. The global crypto market cap pared also gains and tumbled back to $4 trillion, erasing $150 billion from the market within an hour. The sentiment dropped as multiple factors, such as crypto options expiry and macro fears, acted together. Bitcoin price (BTC) tumbled below $119K as traders and investors moved to sell. In an hour, it fell 2% from $121.3K to $118.5K. Ethereum price (ETH) broke multiple support levels and fell below $4,100, witnessing huge liquidations in just an hour. Top altcoins BNB, XRP, Solana (SOL), Cardano (ADA), and Hyperliquid (HYPE) fell 3-5% in just an hour, extending their 24-hour fall. Meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) tumbled over 5%. Trump family’s WLFI, DoubleZero (2Z), Mantle (MNT), and Plasma (XPL) are down more than 15% in the last 24 hours. Donald Trump Sparks US-China Trade Jitters US President Donald Trump threatened countermeasures against China, such as a massive increase in tariffs on Chinese products. Fears over renewed trade war erased $1.2 trillion market cap from S&P 500, The Kobeissi Letter reported on October 10. Trump also said there is “no reason” to meet Chinese President Xi anymore. Today’s statement was largely centered around rare earths, which continued to be an important topic for President Trump. Trump claimed China is holding the World “captive” by quietly amassing a monopoly position in magnets and other elements. He said it is a hostile move and other countries are also extremely angry at this great trade hostility. Donald Trump’s Statement on China Tariffs. Source: X The 10-year US Treasury yield fell 4.071% after climbing above 4.15% in previous…
Filed under: News - @ October 10, 2025 6:25 pm