As always, Trump says something, and the market suffers. On October 10, we became the victims. After Donald Trump announced 100% tariffs on Chinese imports, the crypto market crashed. Over 1.6 million leveraged positions were liquidated. Here’s the key market snapshot from Friday:
🇺🇸📊 U.S. Stocks rebound- but volatility looms
• Dow Jones +0.5%, S&P 500 +0.5%, Nasdaq +0.5% on Friday (Nasdaq +2.1% for the week!) 🚀
• Regional banks stumbled: SPDR S&P Regional Bank ETF -6%, Zions Bancorp -13%, Western Alliance -11% ⚠️
• By Friday close, both banks clawed back: ZION +5.8%, WAL +3.1% 🔄
🌏 Global market snapshot
• Asia: Most markets down; Binance temporarily froze during the liquidation wave, triggering $1B in forced sales ⚡️
• Europe: STOXX 600 steady at 571.2; WhiteBIT stayed fully operational 💪This way, users were able to close their positions safely.
• UK: FTSE 100 slipped 0.1% to 9,496.93
💰Bonds, gold & crypto
• 10-year Treasury yield dipped to 3.97% (lowest since April) 📉
• Gold hit a record $4,392 before pulling back to $4,235 🏆
• Bitcoin around $106,400, while crypto faced historic liquidations: over 1.6M leveraged positions wiped, $19B lost in 24 hours ⚡️
This time, it was a Black Friday with no discounts. The crypto market proved once again: even billion-dollar flows can vanish faster than a trader’s coffee. 🚀💥
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