BREAKING NEWS – EMERGENCY CRYPTO MARKET CRASH AFTER TRUMP POLICY SHAKE-UP
April 14, 2025 | 4:22 PM EST
In an unprecedented move, former President Donald J. Trump has triggered a global crypto market meltdown after announcing a sweeping new digital asset policy that effectively weaponizes his newly launched TrumpCoin.
The Policy: In a surprise livestream titled “Make Crypto Great Again,” Trump announced a policy that will impose a 99% tax on all non-TrumpCoin crypto transactions involving U.S. users. The policy, which took immediate effect, mandates U.S.-based exchanges—and pressures foreign ones like Binance—to prioritize TrumpCoin as the only “American-approved digital currency.”
The Fallout: Within minutes of the announcement:
Binance’s servers crashed due to panic withdrawals.
Bitcoin plummeted 38%, briefly dipping below $20,000.
Ethereum fell 45%, with gas fees skyrocketing due to network congestion.
Altcoins and meme coins saw near-total wipeouts, with some down 80-90%.
TrumpCoin soared 800%, only to drop 92% in a matter of hours after early investors dumped holdings.
Investor Panic: Reddit’s r/cryptocurrency forum is flooded with posts like “RIP my portfolio” and “Trump just nuked DeFi.” Binance has temporarily suspended withdrawals for several tokens, citing “extreme market volatility and regulatory pressure.”
CZ, Binance CEO, tweeted:
“We’ve survived FUD, bans, and crashes. But this… this is chaos. We are evaluating options for U.S. users. Stay safe out there.”
The White House Responds: A spokesperson for the current administration distanced itself from the former president’s policy but said, “Private coins created by individuals do not dictate national economic policy.”
What’s Next: Markets are bracing for potential international regulatory fallout, class-action lawsuits, and massive user losses. Meanwhile, TrumpCoin’s official site briefly went down under traffic, then returned with a pop-up: “Thank you for supporting America’s Real Coin.”
This is a developing story. Stay tuned.
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