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Trump Announces 100% Tariffs on China, Bitcoin Melts Below $110,000

Bitcoin's price dropped below $110,000 following President Donald Trump's announcement of a 100% tariff on imports from China, stoking fears of a global trade and market downturn. The tariffs, announced on Friday, are a reaction to China's plans to impose export restrictions on rare earth minerals essential for manufacturing computer chips. Trump highlighted on Truth Social that China had taken an aggressive stance in trade by threatening large-scale export controls across numerous products, effective November 1, 2025. The escalating trade tensions resulted in significant turbulence in the cryptocurrency markets, erasing hundreds of billions in value. This situation continues to develop, and further updates will be forthcoming.

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Bitcoiners Should Brace For More Volatility Amid Trump Tariffs

Swan Bitcoin CEO Cory Klippsten warned that Bitcoin's price volatility is set to continue following a recent plunge to $102,000 triggered by President Donald Trump's announcement of a 100% tariff on Chinese imports. Klippsten characterizes the market's reaction as 'classic macro whiplash,

Crypto Crash: Bitcoin (BTC) Down 10%, ETH, XRP, SOL in Freefall on Trump Tariff on China

Bitcoin fell dramatically by 10%, dropping below $110,000, following U.S. President Trump's announcement of a 100% additional tariff on goods from China. This move caused significant panic in the cryptocurrency market, leading to a sharp decline in other major cryptocurrencies like Ethereum (ETH), XRP, and Solana

Galaxy (GLXY) News: $460M Investment From a 'Large Asset Manager,' Shares Pop 3%

Galaxy Digital announced a $460 million private investment from an unnamed major asset manager to support its data center business and corporate needs. Following this announcement, Galaxy shares rose by 3% in post-market trading. The investment includes new shares as well as shares sold by executives, priced at $36, which

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