Markets Plunge as Trump Escalates Trade War with China and Crypto Liquidations Surge
TL;DR Summary
Bitcoin's price declined to $104,782, dropping 8.4%, amid escalating US-China trade tensions as President Trump announced increased tariffs and export controls, causing global market instability and affecting other cryptocurrencies like Ethereum.
- Bitcoin extends decline to $104,782 as Trump escalates US-China trade war Reuters
- Stock market today: Dow sinks 800 points, S&P 500 and Nasdaq see worst day since April as Trump's renewed tariff threats spook Wall Street Yahoo Finance
- Trump says he’ll impose new 100% tariff on China ‘over and above’ current rates, massively escalating trade war CNN
- Trump threatens tech export limits, new 100% tariff on Chinese imports starting Nov. 1 or sooner AP News
- Crypto Sees More Than $6 Billion in Liquidations Bloomberg.com
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