Crypto Markets Drop After Trump’s Tariff Threat: BTC Falls Below $117K

On October 10, President Donald Trump announced a massive increase in tariffs on Chinese imports, sparking renewed trade-war fears. This sent crypto markets into a tailspin, with Bitcoin falling below $117K, Ethereum dipping under $4K, and Solana nearing $200.

🔑 Key Highlights:

BTC falls -8.17%, ETH -11.62%, and SOL -14.56% after Trump's tariff threat.

U.S. equity markets also dropped, with S&P 500 losing 2.71%.

SEC filings delayed amid ongoing government shutdown.

Gold rises more than 1%, indicating it’s seen as a safer investment during volatile times.

💥 The markets are feeling the heat from escalating U.S.-China tensions and regulatory delays. As crypto and traditional markets react to the uncertainty, the future of digital assets remains uncertain.