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The Independent UK
The Independent UK
Business
Holly Evans

Crypto crash: Bitcoin and Ethereum plummet after Trump imposes 100 per cent tariffs on China

Bitcoin China Donald Trump Ethereum Crypto

Two major cryptocurrencies have crashed after Donald Trump imposed 100 per cent tariffs on “any and all critical software” from China, as trade tensions continue to escalate between the two countries.

Bitcoin and Ethereum both saw record liquidations as investors reacted to fears over a trade war, which saw many crypto investors move their money to stablecoins or safer assets.

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