Trump’s 500% Tariff Shock Triggers Crypto Panic — Bitcoin Crash Coming?
**Crypto Market on Edge as Trump Pushes for 500% Tariffs Over Russian Trade**
The crypto market is on high alert after former President Donald Trump unveiled a new bill that would allow the U.S. to impose up to 500% tariffs on any country still trading with Russia—especially those buying Russian energy like oil and gas. In the past, tariff shocks have wiped billions from the crypto market overnight. Now, traders fear an even deeper correction is on the horizon.
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### What’s In the Bill?
The proposed legislation gives Trump sweeping powers to impose hefty tariffs on countries that continue to buy goods or energy from Russia. The headline figure—a 500% tariff—is intended to choke off funds flowing into Russia’s war efforts.
Republican Senator Lindsey Graham, a lead architect of the measure, stated simply:
> “If you buy from Russia and don’t support Ukraine, your goods will face a 500 percent tariff.”
Trump echoed the sentiment, saying that Republicans are preparing “very tough sanctions” for any country conducting business with Moscow. These tariffs build on previous actions—such as the recent doubling of duties on India’s exports (now at 50%)—and signal even stricter measures to come.
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### Crypto Sell-Off After Tariff Announcements
The latest tariff news has triggered fresh volatility across the crypto market. Prices were already under pressure after Bitcoin crashed to $94,000, and Trump’s shocking 500% tariff proposal has added another wave of panic.
In the past 24 hours alone, nearly $620 million in positions have been liquidated, forcing more than 152,000 traders to exit the market. The biggest hit came from a single BTC-USD order on Hyperliquid, worth $30.6 million.
Major altcoins—including XRP, Solana, and Cardano—have also faced sharp price swings, with Ethereum once again sliding toward the $3,000 mark.
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### Crypto Market Could Face 10%-20% Drop
Whenever major trade shocks hit, the crypto market reacts almost instantly. History bears this out: when Trump announced large tariffs on China, the crypto market lost $200 billion in just a few days, with Bitcoin falling nearly 10% in a single day.
Now, with Trump backing a massive 500% tariff on countries trading with Russia, analysts warn that volatility could be even worse. The much higher tariff could lead to larger-scale panic selling if implemented, with some predicting a 10%-20% drop across the market.
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**Stay tuned for market updates as the situation develops.**
https://coinpedia.org/news/trumps-500-tariff-shock-triggers-crypto-panic-bitcoin-crash-coming/
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