💥 Trump Imposes 100% Tariff on Chinese Goods – Crypto Market Shakes Strongly



☀️ Early this morning (11/10), President Donald Trump unexpectedly announced a 100% tariff on imports from China, after China took steps to restrict the export of rare earths – a crucial raw material for AI chips, high technology, and mining equipment.

🔥 This information is shaking the entire crypto market
• Over 19.1 billion USD worth of positions liquidated in just 24 hours according to CoinGlass.
• Approximately 1.6 million traders are affected.
• On Hyperliquid (Perp DEX), more than 10 billion USD in long orders were recorded as "burnt".
This is considered the largest liquidation in the history of the crypto market.

🔄 Update (Token ) of Somnia Network is also affected by the overall trend, dropping from 0.68 → 0.32 USD overnight, but has quickly recovered and is currently trading around 0.52 USD.

📌 The market is in a sensitive phase, brothers should maintain a strong mindset, manage risks, and closely monitor macro developments.

$SOMI
SomniaVietNam
SOMI-25.75%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)