{"id":67571,"date":"2025-10-11T08:25:10","date_gmt":"2025-10-11T08:25:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/67571\/"},"modified":"2025-10-11T08:25:10","modified_gmt":"2025-10-11T08:25:10","slug":"cryptocurrency-market-sees-record-liquidations-triggered-by-latest-trump-tariffs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/67571\/","title":{"rendered":"Cryptocurrency market sees record liquidations, triggered by latest Trump tariffs"},"content":{"rendered":"<p>Crypto prices tumbled on Friday after Trump said he would <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/diplomacy\/article\/3328601\/trump-threatens-cancel-meeting-xi-amid-rare-earth-trade-clash?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">impose an additional 100 per cent tariff on China<\/a> and export controls on software. The declines precipitated \u2013 and then were made worse by \u2013 what data tracker Coinglass described as \u201cthe largest liquidation event in crypto history\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">While market weakness had already been present coming into Friday, Trump\u2019s post sparked a more than 12 per cent decline in bitcoin. The largest token, which had earlier this week reached an all-time high of more than US$125,000, was hovering below US$113,000 as of Friday night in New York.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Over the past 24 hours, bets worth more than US$19 billion have been wiped out, and more than 1.6 million traders liquidated, according to Coinglass data. More than US$7 billion of those positions were sold in less than one hour of trading on Friday.<\/p>\n<p>In its post on <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/twitter-x?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">X<\/a>, Coinglass said the total might be much higher given that exchanges do not necessarily report such orders in real time. <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/binance?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Binance Holdings<\/a>, which is the world\u2019s largest crypto exchange, only reports one liquidation order per second, according to the post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThe focus now turns to counterparty exposure and whether this triggers broader market contagion,\u201d said Brian Strugats, head trader at Multicoin Capital. He added that some estimates place total liquidations above US$30 billion.<\/p>\n<p><img decoding=\"async\" alt=\"A container ship arrives at the Port of Oakland in California on October 10, 2025. US President Donald Trump is threatening to impose an additional tariff of 100 per cent on Chinese imports from November 1. Photo: Getty Images via AFP\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/10\/ff013225-88cb-4163-9f36-76e8d2e11f3b_624ab50e.jpg\" title=\"A container ship arrives at the Port of Oakland in California on October 10, 2025. US President Donald Trump is threatening to impose an additional tariff of 100 per cent on Chinese imports from November 1. Photo: Getty Images via AFP\"\/>A container ship arrives at the Port of Oakland in California on October 10, 2025. US President Donald Trump is threatening to impose an additional tariff of 100 per cent on Chinese imports from November 1. Photo: Getty Images via AFP<\/p>\n","protected":false},"excerpt":{"rendered":"Crypto prices tumbled on Friday after Trump said he would impose an additional 100 per cent tariff on&hellip;\n","protected":false},"author":2,"featured_media":67572,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[48758,951,48760,114,1657,48759,48753,48754,48762,85,46,48755,48756,1886,48757,48761,627,208],"class_list":["post-67571","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-binance-holdings","tag-bitcoin","tag-brian-strugats","tag-business","tag-china","tag-coinglass","tag-cryptocurrency-market","tag-david-jeong","tag-falconx","tag-il","tag-israel","tag-kronos-research","tag-multicoin-capital","tag-new-york","tag-ravi-doshi","tag-tread-fi","tag-trump","tag-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/67571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=67571"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/67571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/67572"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=67571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=67571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=67571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}