Bitcoin and Cryptocurrency Plunge After Trump Trade Threats

Cryptocurrencies experienced a dramatic selloff Friday, driven by US President Donald Trump’s renewed threat of tariffs against China. These threats sent shockwaves through the market, erasing billions in value as Bitcoin fell below $120,000 and other altcoins followed suit. The crash was triggered by multiple factors, including crypto options expiry, fears surrounding a potential trade war with China, and investor profit-taking.