Altcoins News
By Pankaj K
1 / 15
Trump dropped a bomb. His October 10th announcement of 100% tariffs on Chinese imports sent crypto markets into total chaos, wiping out $19 billion in liquidations as Bitcoin…
2 / 15
The carnage was instant and merciless. Major exchanges got hammered with unprecedented sell-offs as panicked investors dumped everything they could get their hands on.
3 / 15
Ethereum and other major cryptos got crushed just as hard, marking the end of a bull run that had Bitcoin sitting near record highs earlier this year.
4 / 15
Regulators moved fast. The SEC jumped in immediately, announcing a full review of market practices to make sure everyone was playing by the rules.
5 / 15
Industry insiders were completely blindsided. Nobody thought a political move could torch the crypto market this quickly.
6 / 15
The damage went global pretty much overnight. Asian markets opened to news of the crash and indices tanked hard. Europe followed right behind.
7 / 15
Economists are warning about ripple effects that could hit industries dependent on Chinese imports.
8 / 15
The market's waiting for someone to say something. Investors are scrambling to figure out their next moves while uncertainty hangs over everything like a dark cloud.
9 / 15
Key players aren't talking. Neither China nor major US tech firms have said a word about the tariffs or the market meltdown that followed.
10 / 15
Traders and analysts are glued to their screens, looking for signs that things might stabilize.
11 / 15
October 11th brought a weak recovery attempt, but volatility stuck around like a bad hangover. Bitcoin was hovering around $34,000, way down from its recent peaks.
12 / 15
Major exchanges like Coinbase and Kraken reported crazy user traffic and trading volumes after the liquidation event.
13 / 15
The damage spread to crypto-related companies too. MicroStrategy, famous for its massive Bitcoin stash, saw its stock price get demolished.
14 / 15
Financial institutions are watching everything closely. The Federal Reserve said on October 13th that it was looking at the broader economic impact of the tariffs and market…
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By October 14th, the Bank of England was expressing concern about crypto market chaos potentially hitting the global financial system.
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