Crypto Market Faces Historic Losses Amid Tariff Announcement

The cryptocurrency market experienced a significant downturn today, October 12, 2025, following a major policy announcement by U.S. President Donald Trump. The president's declaration of a 100% tariff on Chinese tech imports triggered widespread panic among investors, leading to a sharp sell-off across major cryptocurrencies. 🔻 Market Overview As of the latest data, the global cryptocurrency market capitalization stands at approximately $3.75 trillion, reflecting a 0.78% decline over the past 24 hours. Bitcoin (BTC) is trading at $111,389, Ethereum (ETH) at $3,822.27, and XRP at $2.40. ⚠️ Key Factors Contributing to the Decline Tariff Announcement : President Trump's imposition of a 100% tariff on Chinese tech imports has escalated trade tensions, causing uncertainty in global markets and prompting investors to liquidate riskier assets like cryptocurrencies. Market Liquidations : The sudden policy shift led to significant liquidations in the crypto market. Notably, over $1.23 ...