Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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From: sea_urchin	10/11/2025 3:47:20 PM
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Markets braced for chaos after Trump triggers record-breaking crypto crash. City traders on alert for panic selling after $400bn slump in less than 24 hours. telegraph.co.uk America already imposes 30pc tariffs on Chinese imports, meaning that Donald Trump’s latest threat would take levies to 130pc Credit: Shawn Thew/Pool/EPA/Shutterstock . Donald Trump’s threat to impose new 100pc tariffs on China has triggered one of the biggest cryptocurrency crashes in history and stoked fears of chaos in global markets next week. Around $400bn (£300bn) was wiped off the value of the crypto market in a span of less than 24 hours after Mr Trump late on Friday promised to impose steep new levies on Chinese imports within weeks. It is understood that the Bank of England is closely monitoring events in line with normal practice, ahead of what is expected to be a turbulent opening for Asian markets on Sunday night. The Bank declined to comment but City traders are on alert for panic selling, with futures markets already signalling steep falls of around 6pc. Traders using borrowed money to bet on Bitcoin and other digital currencies lost a record $19bn on Friday night. The scale of the losses is more than double the next biggest single-day loss in 2021, when the market took an $8.5bn hit. Unlike traditional financial markets, cryptocurrency trades throughout the week and Mr Trump’s threat triggered a rush of heavy selling lasting into the weekend. The price of Bitcoin, by far the biggest cryptocurrency, tumbled by more than 10pc on Friday. On Saturday it relatively stabilised to fall a further 5.9pc to £83,838. Etc

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