Crypto Markets Crash as US-China Trade War Officially Begins — But Smart Investors Are Targeting BFX as the Best Coin to Buy Now
The post Crypto Markets Crash as US-China Trade War Officially Begins — But Smart Investors Are Targeting BFX as the Best Coin to Buy Now appeared on BitcoinEthereumNews.com.
Crypto News The crypto market was dealt a heavy blow late Friday as U.S. President Donald Trump officially declared a 100% tariff on all Chinese imports, marking the start of the biggest U.S.-China trade war since 2019. Within hours, the total cryptocurrency market cap plunged from $4.25 trillion to $4.05 trillion, wiping out nearly $200 billion in value and leaving leveraged traders reeling. Bitcoin fell 10%, dropping from $122,000 to $107,000. Ethereum, XRP, and BNB each dipped more than 15%, as panic spread through the market. Smaller altcoins saw even steeper declines, with some plunging 40%–50% in a matter of hours. But as fear takes hold, savvy investors aren’t panicking, they’re repositioning. And increasingly, that means looking at early-stage presales with explosive upside potential. One project is now topping that list as the best coin to buy now: BFX, the native token of BlockchainFX. Trade War Shock Sends Crypto Into a Tailspin Trump’s announcement came in a late-night Truth Social post, where he called Beijing’s export controls “extraordinarily aggressive” and confirmed a 100% tariff on all Chinese imports starting November 1. This move escalates the economic confrontation beyond rhetoric — straight into policy. The timing caught markets off guard. Bitcoin immediately broke below critical support, triggering a chain reaction of liquidations across derivatives markets. Altcoins underperformed sharply as traders rushed to unwind risk, leading to one of the sharpest single-session drops of the year. As the selloff spread to equities and commodities, digital assets faced a broad risk-off retreat. Market analysts warn that the combination of tariffs and export restrictions could strain global supply chains in semiconductors, AI, and blockchain infrastructure — key pillars of the digital economy. While short-term traders face volatility, long-term investors are scanning the wreckage for opportunity. And right now, many are concluding that BFX is…
