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US-China trade war rattled the stock markets as well, leading to a crash, while demand for safer assets like Treasuries and gold escalated

Crypto crash wipes out $19 bn amid US-China trade tensions

October 12, 2025, 06:21 PM - 3 min read

The fall is a “combination of macro shockwaves and extreme leverage”, which created crypto’s worst day since Q1 2025, said analysts

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