fromLondon Business News | Londonlovesbusiness.com
1 day agoBitcoin's 17% plunge after the tariff shock - London Business News | Londonlovesbusiness.com
Over the weekend, after President Donald Trump unexpectedly announced a 100% tariff on all imports from China, effective November 1, 2025 (or earlier if Beijing continues its export restrictions on rare earth materials), global risk assets immediately tumbled. Bitcoin reacted most sharply, plunging nearly 17%, from around $122,000 to approximately $107,500 within a few hours, before quickly rebounding to around $115,000 by early Monday trading.
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