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Bitcoin and Ethereum Face Sharp Decline Following Trump's Tariff Announcement
Gate News bot message,
On October 10, 2025, the cryptocurrency market experienced a significant price movement. Starting at 14:00 UTC, Bitcoin faced increased selling pressure in the market. The situation intensified at 16:50 UTC when former President Trump released his tariff announcement, causing Bitcoin to drop to approximately $113,000 and Ethereum to decline to around $3,050.
The market activity continued between 17:00-21:00 UTC, during which substantial leverage liquidations occurred across trading platforms.