Crypto sees record $19 billion wipeout as Trump slaps 100% tariff on Chinese tech imports

October 11, 2025

Cryptocurrency markets plunged after Trump announced a 100% tariff on Chinese tech imports, triggering a record $19 billion liquidation. Major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin, saw steep declines, highlighting heightened volatility amid U.S.-China trade tensions and global crypto market instability.

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