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The post Trump Tariff News: Crypto Crashing Amid Trump Tariff Escalation With China appeared first on Coinpedia Fintech News Donald Trump’s announcement of a 100% tariff on Chinese imports starting November 1 has sent shockwaves through both traditional financial markets and the cryptocurrency sector. The tariff comes in response to China’s recent restrictions on rare earth material exports, which are crucial for high-tech manufacturing, intensifying fears of a full-blown trade war between the world’s two largest economies. The news immediately triggered a 2.7% drop in the S&P 500, reflecting widespread market volatility. Bitcoin, which was already under pressure near $117,000, plummeted below $110,000, marking a 12% decline within 24 hours. The dramatic sell-off underscores growing investor caution as geopolitical tensions weigh heavily on global risk assets. Crypto investor Ram Ahluwalia described the day as “brutal,” attributing the sharp declines to Trump’s tariff announcement and the market’s technical exhaustion. Prominent crypto trader Pentoshi ranked the crash among the top three largest crypto market crashes in history, noting the emotional toll on traders as “incredible.” Crypto Stocks Plunge Amid Market Uncertainty Companies with significant crypto exposure were among the hardest hit. Coinbase (COIN) fell 7.75%, closing at $357.01, after reaching an intraday low of $351.63. Bullish (BLSH) dropped 9.42% to $60.37, while Bitcoin treasury firm Metaplanet (MTPLF) slid 2.25% to $3.48 after briefly touching $3.65. Bitcoin mining company MARA Holdings experienced one of the largest declines, falling 7.67% to $18.65, followed by an additional 1.72% drop in after-hours trading. These losses highlight how quickly investors retreated from crypto-linked stocks amid rising global uncertainty. MicroStrategy’s Valuation Under Increasing Pressure MicroStrategy (MSTR), a leading Bitcoin treasury company, also suffered a significant sell-off, falling 4.84% to $304.79. Analysts warn that beyond short-term price declines, the company’s underlying fundamentals are increasingly under pressure. MicroStrategy’s multiple-to-net asset…

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Filed under: News - @ October 11, 2025 10:26 am