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Markets brace for chaos after Trump triggers crypto crash
By Chris Price
The Telegraph, London
Saturday, October 11, 2025
Donald Trump's threat to impose new 100% tariffs on China has triggered one of the biggest cryptocurrency crashes in history and stoked fears of chaos in global markets next week.
Around $400 billion was wiped off the value of the crypto market in a span of less than 24 hours after Trump late on Friday promised to impose steep new levies on Chinese imports within weeks.
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It is understood that the Bank of England is closely monitoring events in line with normal practice, ahead of what is expected to be a turbulent opening for Asian markets on Sunday night. The Bank declined to comment but City traders are on alert for panic selling, with futures markets already signalling steep falls of around 6%. ...
... For the remainder of the report:
https://www.telegraph.co.uk/business/2025/10/11/markets-chaos-trump-triggers-record-crypto-crash/
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