Bitcoin’s Flash Crash Sees $7B Crypto Liquidation as Trump Ramps Up China Trade War

Bitcoin experienced a significant flash crash, resulting in the liquidation of approximately $7 billion worth of cryptocurrencies, coinciding with former President Donald Trump intensifying his trade war with China. This sudden decline in Bitcoin's value reflects the heightened volatility in the cryptocurrency market, which is often influenced by geopolitical events and economic policies. As tensions rise between the two nations, investors are on edge, leading to widespread sell-offs in digital assets and causing substantial financial repercussions across the crypto landscape. source: https://www.coindesk.com/markets/2025/10/10/bitcoin-crashes-below-usd110k-cryptos-in-freefall-on-further-trump-tariff-on-china