October 10th witness a major crash

[eLdavis]

The global cryptocurrency market experienced one of its biggest crash since April, according to reports, more than $6 billion was lost within an hour. The crash occurred on the 10th or October following US President Trump's announcement of the imposition of 100 percent tariffs on Chinese goods.

 

[gwolf666]

The global cryptocurrency market suffered a massive crash, one of the biggest since April, with over $6 billion wiped out in just an hour. The sudden downturn happened on October 10 after U.S. President Trump announced a 100% tariff on Chinese goods. The announcement triggered widespread panic among investors, leading to a sharp sell-off across major cryptocurrencies like Bitcoin and Ethereum. Analysts believe the market’s reaction reflects growing concerns over escalating trade tensions between the U.S. and China, which have historically caused volatility in both traditional and digital markets.

 

[Starmix]

That could possibly happen with the influence of the US President Trump. Cryptocurrency holders already speculate it when tariffs ' revenues are drastically imposed.