Trump slaps a 100% tariff on China, and boom-crypto’s flatlining with $7 billion in liquidations. Bitcoin‘s in freefall, Ethereum‘s sobbing, and we’re all just along for the ride. Oh, the humanity! 😂
So, the crypto market’s taken a nosedive after President Donald Trump decided to turn up the tariff thermostat to 100% on all things Chinese. It’s like dumping ice on a BBQ-everyone’s screaming and selling like mad. Bitcoin, Ethereum, Solana… none of them were spared the chop.
This tariff bombshell sparked a proper sell-off frenzy, with nearly $7 billion worth of crypto dreams going poof in a flash. Market panic? Check. Liquidations galore? Double check. It’s as if investors collectively decided, “Nah, I’m good,” and hit the eject button.
Trump’s Tariff-Riffic Rant Sparks Crypto Chaos 😏
The prez dropped the gauntlet, saying the US is slapping that 100% tariff on Chinese goodies come November 1, 2025. Why? Oh, China’s being all “extraordinarily hostile” with their export bans-Trump called it a “moral disgrace.” Can’t argue with that logic, right? Classic Trump flair. 🔫
Basically, it’s tariffs on pretty much everything Chinese, plus controls on whizzy software. The world’s markets did a big ol’ gulp, and cryptocurrencies? They wigged out faster than you can say “decentralized drama.” Global trade tensions hitting the fan, and guess who pays the piper? Us plebs trying to HODL. 🙄
– Rapid Response 47 (@RapidResponse47)
Trump went on about how China’s got to learn some manners, but it’s just left investors like, “Great, more reasons to stress-eat ice cream.” Uncertainty’s the name of the game, and liquidating positions? That’s the hangover cure everyone’s opting for.
$7 Billion Worth of Crypto Just ghosted the Market 💸😅
News hit, and wham-Coinglass reports $7 billion in liquidations within an hour. Mostly long positions biting the dust ($5.67 billion worth), with shorts nabbing a measly $1.3 billion slice. Exchanges were sweating bullets; Binance straight-up overloaded like a bad family reunion.
System meltdowns on a scale you’d call apocalyptic-well, if apocalypse meant your crypto app freezing up. But hey, it showed just how jittery this market is. One tweet from Trump, and it’s anarchy. Prices tanked: Bitcoin kissed $109,897 before rebounding (sort of), Ethereum dipped under $3,900. Volatility? It’s our middle name. 🌪️
Exchanges on the Brink: Binance Pleads for Chill 😩
Trading volume? Through the roof! Binance, the big daddy of crypto spots, was wheezing under the pressure. They chimed in with some classic reassurance: systems lagging, displays glitching, but “funds are SAFU.” Translation? Your moneys are safe, folks-sit tight and don’t panic-scroll.
Due to heavy market activity, our systems are under high load. Some users may experience intermittent delays or display issues.
We’re actively monitoring the situation and working to resolve it. Funds are SAFU.
Thank you for your patience!
– Binance (@binance)
As we ride out this tariff tempest, who knows how long the fallout lasts? But one thing’s clear: crypto’s shagging sensitivity to geopolitics is giving us all a migraine. Hang tight, traders-could always be worse, like your cat judging your life choices. 🐱😜
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2025-10-11 17:15