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Trump triggers chaos on the markets: Crypto crashes, stocks fall!
Crypto markets fall on 10/10/2025 after Trump's tariff increase. Bitcoin falls below $117,000 while stocks also suffer.
Trump triggers chaos on the markets: Crypto crashes, stocks fall!
On October 10, 2025, President Donald Trump announced a “massive increase” in tariffs on Chinese imports. The decision follows new export restrictions by China on rare earths, which are crucial for technology and defense production. The announcement caused concern and sparked fears of another trade war between the US and China, leading to increased volatility in global markets.
As a result, Bitcoin (BTC) immediately fell below $119,000 and eventually traded below $117,000 after previously hitting record highs. Ethereum (ETH) also saw a decline and fell below the USD 4,000 mark. Solana (SOL) also approached the USD 200 mark. Additionally, crypto stocks such as Coinbase, Robinhood and MicroStrategy fell by 5-10%.
Market reactions and stock indices
The reaction on the US stock markets was also dramatic. Following Trump's comments, the S&P 500 closed 2.71% lower, while the Dow Jones Industrial Average lost nearly 900 points. The Nasdaq Composite saw the largest decline with a loss of 3.56%. Amid these uncertainties, gold rose more than 1%, indicating that investors are seeking refuge in traditional safe havens rather than cryptocurrencies.
The selling pressure in the markets came in a context where the US government entered its tenth day of a shutdown. This resulted in limited operations at the Securities and Exchange Commission (SEC). On October 10, the SEC confirmed that most normal review and approval processes, including all outstanding crypto-related applications, must remain delayed until funding is restored.
Summary of developments
Friday was marked by broad risk aversion, influenced by Trump's tariff threat and ongoing political uncertainty in Washington. Additionally, oil prices fell to a five-month low. These developments illustrate how strongly geopolitical tensions can influence the markets and how sensitive the crypto sector reacts to such news.
crypto.news reports on the impact of these policy measures on the cryptocurrency markets and the associated volatility.