Posted on 10/11/2025 8:14:28 AM PDT by delta7
Crypto prices tumbled amid investor concerns over economic stability and escalating trade disputes.
Bitcoin and Ethereum, the two major cryptocurrencies, crashed after United States President Donald Trump announced a 100% tariff on 'any and all critical software' import goods from China. The continuing trade tensions between the two countries were significantly heightened by this move.
According to Reuters, Bitcoin had dropped 8.4% to £78,000 ($104,782) as of 21:20 GMT. Ethereum also had a 5.8% decline, settling at £2,700 ($3,637).
XRP, DOGE and Ada fell around 19%, 27%, and 25% in the last 24 hours, respectively, Bloomberg reported.…..
The epic battle between thin air assets and PM’s has begun. Some of us knows who wins.
To put the Bitcoin “crash” in perspective. The price is now approx. 117k. The low for the year is 60k. A slight correction maybe; not a crash.
Update from AI:
“ Bitcoin and Ethereum have recently experienced a significant crash, with Bitcoin dropping over 12% and Ethereum falling by 11.2% due to the announcement of a 100% tariff on Chinese imports by former President Donald Trump. This led to record liquidations in the crypto market, totaling over $19 billion in just 24 hours.”
Those watching closely know where the crypto liquidation was transferred to:
definitely not the US stock market with their decline, but PM’s, the bulk into Silver.
Silver Price Performance USD
Change Amount %
Today +1.48 +3.04%
30 Days +7.00 +16.83%
6 Months +16.31 +50.52%
1 Year +17.06 +54.07%
5 Year +23.46 +93.31%
20 Years +40.79 +521.99%
“Some of us knows who wins.”
Very few, otherwise our “leaders” wouldn’t have let us get past the point of trade into dependency. And for countries like China who don’t care who gets hurt but just that they have some small form of winning by other’s pain is all they care about.. Just like a liberal.
wy69
A slight correction maybe; not a crash.
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My money goes on the Golden Knight, this battle is just beginning.
Its called profit taking. Happens all the time.
I’m with you on that. I never understood nor invested in crypto-currencies. But I have been long precious metals for many years.
I’m with you on that. I never understood nor invested in crypto-currencies.
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Easy to see for us older crowd….who wins? The Golden Knight or the Invisible Man?
Invisible “ money” just doesn’t compute. A very strange world we live in.
“the DOW also declined”
************
The S&P 500 and Nasdaq dropped more than the DOW yesterday; 2.7% and 3.5%, respectively. Still relatively minor.
The average market correction is about 13-14%. Not saying that’s going to happen but with very high stock valuations and record business/consumer debt the market is poised for some type of adjustment. Many investors in today’s markets have never experienced a big drawdown. Just saying.
It’s called profit taking.
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I would agree IF in one single day ( Friday) the stock market decline along with crypto’s decline and a decline in the USD didn’t all happen the same day PM’s hit all time historic highs….smells like Panic to me.
I watched the drop in the cryptos yesterday. The price went from 122k to 107k in a remarkably fast time. As soon as it hit 107k, the buy side rushed in…and the price rebounded about $5k in seconds. It was amazing to watch. It was the “big guys” taking out the retail investors in a way I haven’t seen in years.
The same thing will happen to silver. Gold is a different story.
In any event, when the Feds sign off on another $2T in debt all of those assets—hard and digital—will start back up in a big way.
We likely disagree on which will “win”…but we probably agree on who is going to really lose: The USD.
China controls it ? LOL
Over $19.13 billion was liquidated from the market. Altcoins flashed down 50-60%. I wouldn’t really call that a big nothing.
I watched it too.. It was pure panic. A lot of traders were liquidated and lost everything. I was in a trade and had a stop loss hit. Bam and it was gone. No time to even react. Then I sat back and watched. I’ve been trading for many many years and I’ve never seen anything like it.
nope. though a trade wart with China will rattle the markets for a couple days, as it should.
The same thing will happen to silver.
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View the LBMA, Comex AND SLV recent Silver deliveries….they are being drained dry, record amounts of deliveries.
China outsmarted the western price rigging years ago and cleaned the Western reserves dry. They bought tons every time the Silver price was smashed, the6 won.
Blythe Masters of JP Morgan admitted years ago they were buying agents for China, she also maintained it was perfectly legal, and would never admit to price manipulation even though they were fined $$$ billions for price fixing.
“ JPMorgan to pay $920 million for manipulating precious metals, treasury market
By Abhishek Manikandan and Michelle Price
September 29, 2020”
The simple fact, the West has lost it’s price fixing capability, China’s SGE is the new Sheriff.
I agree. If you are one of the folks affected, even a minor drop can be significant. I didn't mean to minimize it.
My prediction: China and the US will agree to new trade terms fairly rapidly. Then the markets will recover. We'll see.
Gold & Silver have had times where they were each down -50%
Amazon was down -90% at one time.
Stuff happens.
i was there... sort of, woke up in the morning having a good day, and decided to close my position in $SOUN, and $SYM as I feel they had reached the peak and I’m taking profit.
then i started to doze off... took a nap....very nice nap
woke up awhile later, look at my laptop screen.... what the heck -8.65% of my port.... that’s the biggest drop for me ever.
I got pissed off of course and immediately mummbled about trump, and then realized, thanks to him, I can now buy $SOUN, back at discount, a stock with room to grow.... eh note to self, buy calls in the morning.
I have had similar frustrations with trading. One time, I was nicely ahead on a same-day trade and was going to sell at a reasonable profit. I set the trade up in my system and pressed “sell.” Of course, right at that instant, the program decided to freeze up. By the time I rebooted... well, you know the story. Stock began dropping rapidly. My gain evaporated into a loss. So I held.
Good luck with your $SOUN.
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