Crypto: Chain Reactions

A A short message from Trump on its network causes 19 billion liquidations on the cryptocurrency market.

An inflammatory message posted by Donald Trump on Truth Social, threatening massive tariffs on China, sent shockwaves through financial markets. Within hours, nearly $19 billion in long positions were liquidated in the cryptocurrency world, deepening the spiral of mistrust between the two superpowers. This episode marks a new stage in the escalating trade tensions between Washington and Beijing—and raises the question: how far will it go?

message in question

On October 10, 2025, Donald Trump posted on his Truth Social network a threat of additional tariffs of 100 % on Chinese goods imported into the United States, in response to Beijing's measures in the rare earth sector. Mr. Trump also mentioned the cancellation of the meeting with his Chinese counterpart scheduled for two weeks later.

This event is not even a sign of the market running out of steam, as overall the signals are rather positive for October.

Bitcoin fell from 122,000$ to 105,000 before rising again to 113,000

Ethereum drops by 12%
Solana 16%
Borg 14%

Crypto market October 2025