The sudden drop of bitcoin causes a liquidation of #criptomonedas worth 7 billion dollars, while Trump intensifies the trade war with #china .

The $BTC fell by 10% on Friday, while ETH, SOL, and XRP plummeted between 15% and 30% in a sudden drop of cryptocurrencies as trade tensions between #Estados the United States and China escalate.

What you need to know:

The U.S. President, Donald Trump, announced an additional 100% tariff on China, which caused a sharp decline in crypto asset prices.

Bitcoin fell below 110,000 dollars, with a drop of more than 10% in 24 hours, while ETH, XRP, and SOL recorded declines of between 15% and 30%.

Crypto assets had already been severely affected at the start of the session following Trump's threat to raise tariffs on Chinese products in response to the export controls on rare earth metals, which has exacerbated trade tensions between the U.S. and China.