Crypto Market Crashes After Trump Imposes 100% Tariff on China

Crypto market crashes after Trump imposes 100% tariff on China, wiping out $7.44 billion in trading positions within an hour. Major exchanges, including Binance, are in emergency mode, with severe strain on their systems. Binance assures that user funds are safe, while Coinbase experiences latency or degraded performance during transactions. Total crypto market capitalization has lost $250 billion.

The global crypto market experienced a significant crash on Friday, September 10, 2025, following U.S. President Donald Trump's announcement of sweeping new tariffs and export controls on China. The total cryptocurrency market capitalization fell from around $4.25 trillion to $4.05 trillion within hours, wiping out nearly $200 billion in value Crypto Markets Crash As US-China Trade War Officially Begins With Trump’s 100% Tariff^[1].

Trump's statement, posted online, indicated that the U.S. would impose a 100% tariff on all Chinese imports starting November 1, citing Beijing's "extraordinarily aggressive" export controls on "virtually every product they make." This declaration triggered immediate market turmoil, with Bitcoin crashing 10% to $107,000 from $122,000, while Ethereum, XRP, and BNB dipped more than 15% Crypto Markets Crash As US-China Trade War Officially Begins With Trump’s 100% Tariff^[1].

The latest move signals a shift from rhetoric to policy, doubling tariffs to unprecedented levels and expanding the dispute to include software and technology controls. This escalation caught markets off-guard, intensifying liquidation pressure on leveraged positions. Bitcoin's decline is now testing key psychological levels, while altcoins continue to underperform amid heavy selling Crypto Markets Crash As US-China Trade War Officially Begins With Trump’s 100% Tariff^[1].

Major exchanges, including Binance, are in emergency mode, with severe strain on their systems. Binance assured that user funds are safe, while Coinbase experienced latency or degraded performance during transactions. The total crypto market capitalization has lost $250 billion, dropping from $4.25 trillion to $4 trillion Crypto Liquidations Nearly at $1B as President Trump Hints at New Trade War With China^[3].

Market watchers warn that the combined impact of tariffs and export restrictions could strain the global technology supply chain, particularly in semiconductors, AI, and blockchain infrastructure, deepening uncertainty in sectors that underpin digital assets Crypto Markets Crash As US-China Trade War Officially Begins With Trump’s 100% Tariff^[1].

The timing of the escalation caught markets off-guard, intensifying liquidation pressure on leveraged positions. Bitcoin’s decline is now testing key psychological levels, while altcoins continue to underperform amid heavy selling. For now, traders are bracing for a volatile weekend. The market’s next direction will hinge on whether Beijing responds in kind or signals willingness to reopen negotiations before November 1 Crypto Markets Crash As US-China Trade War Officially Begins With Trump’s 100% Tariff^[1].