The post Trump’s Tariff Threat Sparks Global Selloff — Bitcoin Crashes as Markets Unravel appeared on BitcoinEthereumNews.com.

The world’s markets took a gut punch on Friday after U.S. President Donald Trump threatened a “massive increase” in tariffs on Chinese goods, reigniting fears of a new trade war. The move — framed as retaliation for Beijing’s recent export controls on rare earth metals — triggered a sharp selloff across equities, commodities, and crypto. Is the bull run over? Or is this another Trump fake out? Bitcoin, which only days ago hit a record high above $126,000, plunged below $106,000 before briefly stabilizing. Ether (ETH), Solana (SOL), and XRP followed suit, with losses ranging from 4% to 7% in late U.S. trading. Crypto-adjacent equities like Coinbase (COIN), Robinhood (HOOD), and Circle (CRCL) shed between 5% and 6%, while MicroStrategy (MSTR) slipped 3%. It wasn’t just digital assets bleeding. The S&P 500 dropped 3.6%, the Nasdaq slid 3.3%, and WTI crude cratered nearly 4% to fall below $60 — its weakest level since early May. Meanwhile, gold surged past $4,000 per ounce, proving yet again that when fear takes hold, the old gods of finance still command the most faith. Bitcoin dropped sharply, crashing on Trump Tariff fears, Source: BNC Deja Vu for the Global Economy If this all feels familiar, that’s because it is. In 2018, Trump’s tariff war with China rattled global markets and shaved trillions off valuations before a partial truce restored calm. Fast forward to 2025, and the same script is playing out — only this time, the stakes are higher. China’s rare earth metals are essential for semiconductors, EV batteries, and defense technology. By tightening export controls, Beijing is striking at the heart of Western tech dominance — and Trump’s response signals a return to economic brinkmanship. The U.S. is already in a fragile position: inflation is sticky, rates remain high, and global growth is…

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Filed under: News - @ October 11, 2025 7:23 am