{"id":175044,"date":"2025-10-11T06:38:42","date_gmt":"2025-10-11T03:38:42","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=175044"},"modified":"2025-10-11T06:38:42","modified_gmt":"2025-10-11T03:38:42","slug":"is-the-bull-market-over-crypto-prices-crash-as-donald-trump-announces-new-china-tariffs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-the-bull-market-over-crypto-prices-crash-as-donald-trump-announces-new-china-tariffs\/","title":{"rendered":"Is The Bull Market Over? Crypto Prices Crash As Donald Trump Announces New China Tariffs"},"content":{"rendered":"

The crypto market just witnessed its largest liquidation event in history after U.S. President Donald Trump reignited a trade war with China.<\/span><\/p>\n

According to data from <\/span>CoinGlass<\/span><\/a>, nearly $20 billion worth of leveraged positions, mostly longs, were wiped out in the past 24 hours as major crypto assets formed massive downside wicks across the board.<\/span><\/p>\n

Meanwhile, the total crypto market cap fell by nearly $850 billion before climbing back up to the $3.72 trillion mark.\u00a0<\/span><\/p>\n

The Bitcoin price plunged 15% from its daily open, trading as low as $104,500 before bouncing back to $112,500 at press time.\u00a0<\/span><\/p>\n

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However, altcoins are faring significantly worse, with prices momentarily crashing by as much as 80%. In fact, the TOTAL3 market cap, which tracks the crypto market cap without BTC and ETH, just put a new cycle low against Bitcoin.\u00a0<\/span><\/p>\n

Despite the Covid-esque flash crash, prominent analysts don\u2019t believe that the crypto bull market is over just yet. In fact, several altcoins have reclaimed key support levels, indicating the possibility of a bullish reversal in the coming days.\u00a0<\/span><\/p>\n

Why Are Crypto Prices Crashing?<\/b><\/h2>\n

The trade war is back, triggering the largest crypto wipeout in history, eclipsing the Luna collapse, COVID-era panic selling, and even the FTX bankruptcy.<\/span><\/p>\n

In a long-winded post on <\/span>Truth Social<\/span><\/a>, US President Donald Trump has accused Beijing of taking an \u201cextraordinarily hostile\u201d stance on trade.\u00a0<\/span><\/p>\n

According to Trump, China has sent letters to governments worldwide announcing sweeping export controls on nearly every product it manufactures, including rare earths, magnets, and critical industrial elements, and even on goods not made within its borders.\u00a0<\/span><\/p>\n

The move, effective November 1, 2025, would restrict the global supply chain for vital components critical to key American industries.\u00a0<\/span><\/p>\n

In response, Trump said the United States will impose a 100 % tariff on all Chinese imports starting the same day, alongside American export controls on critical software, calling China\u2019s actions a \u201cmoral disgrace\u201d and \u201cmonopoly play.\u201d\u00a0<\/span><\/p>\n

The fact that Trump\u2019s post specifically hinted at pain in the short-term and unwillingness to meet with Chinese President Xi Jinping resulted in a sharp sell-off.\u00a0<\/span><\/p>\n

Global markets immediately sold off as traders priced in renewed supply shocks and a collapse in trade relations. The S&P 500 dropped nearly 3%, falling by more than $1.5 trillion in value, while the Nasdaq fell over 3.5 %, the biggest single-day market loss since April.<\/span><\/p>\n

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BREAKING: The S&P 500 closes down -2.7% and posts its largest daily decline since April 10th as President Trump prepares \"massive\" tariffs on China.<\/p>\n

The S&P 500 erased -$1.5 TRILLION in market cap today. pic.twitter.com\/hLiAHcFPuX<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) October 10, 2025<\/a><\/p><\/blockquote>\n