The bear market kicked off in early April 2025 when Trump announced his sweeping "Liberation Day" tariff plan on April 2. This triggered immediate panic selling, a global trade war escalation, and the Nasdaq officially entering bear market territory after massive multi-day drops. That was the real downfall. Then Oct 10 delivered the main wipe with record 19B+ in crypto liquidations as fresh tariff threats hammered leveraged longs and sent BTC/ETH plunging hard. $BTC #crypto #altcoins #markets #finance
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