Crypto Carnage Erupts: Trump’s Surprise Tariff Tweet Sparks Historic $200B Sell-Off
Tariff Bombshell Sends Crypto into Tailspin On Friday evening, Oct. 10, President Trump posted on Truth Social that he would impose a 100% tariff on all Chinese imports starting Nov. 1. The tweet blindsided markets. Within minutes, a “risk-off” stampede hit global assets – and crypto fell hardest. Bitcoin plunged from about $122,000 to ~$114,000 in hoursts2.tech, ultimately bottoming near $104,782 (a 14% plunge) by Oct. 11reuters.com. Ether fell over 12%, dipping under $3,500reuters.com. Smaller “altcoins” got crushed as leveraged traders were liquidated en masse. The Wall Street Journal reported this surprise tariff tweet “triggered a cryptocurrency selloff that wiped