# Trump stablecoin launch linked to Bitcoin’s plunge to $60,000

**Published:** 2026-06-17T10:42:08.212Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/33246506-5aa3-4b3f-913c-37b221969f89

Bitcoin fell to $60k after Trump’s tariff threat and his USD1 stablecoin surge, sparking a market sell‑off. See the price drop, catalyst and what to watch next.

Bitcoin slid to roughly $60,000 on the week of October 10, 2025—about half its all‑time high of $126,000 reached in October 2025—after President Trump’s threat of a 100% tariff on Chinese imports sparked a broad sell‑off in crypto assets [2]. The drop coincided with the rapid rise of the Trump‑family‑backed USD1 stablecoin, which entered the world’s top‑seven stablecoins after a $2 billion Binance investment in May 2025 [1].

| At a glance | |
|---|---|
| Price | ~$60,000 |
| 24‑h change | – ≈ 30% (from $85,000) |
| Key level | Below $65,000 support |
| Catalyst | Oct 10 tariff threat & USD1 stablecoin surge |

## Market shock from tariff threat

The October 10 announcement added a 100% tariff on Chinese imports to the existing 30% duty, unsettling traders who had been betting on a “crypto‑friendly” Trump administration. The immediate reaction was a flood of sell orders across crypto markets, dragging Bitcoin down from $85,000 to $60,000 within days [2]. The move erased roughly $1 trillion of market value and left the broader crypto sector in a “contagion” phase, as leveraged positions were liquidated and margin calls amplified losses.

## Trump‑family stablecoin adds pressure

While Bitcoin was tumbling, the Trump‑linked stablecoin USD1 vaulted into prominence. World Liberty Financial, owned 60% by Trump’s family trust, launched USD1 in March 2025 and secured a $2 billion investment from a UAE firm to purchase Binance tokens [1]. That deal vaulted USD1 into the seventh‑largest stablecoin by market cap, raising concerns about the intertwining of political influence and crypto liquidity. Critics argue the stablecoin’s rapid growth may have siphoned capital from Bitcoin and other assets just as market sentiment turned negative [1].

| Token metric | Detail |
|---|---|
| Stablecoin rank | 7th largest globally |
| Investment backing | $2 billion Binance deal |
| Ownership | 75% of token sale proceeds to Trump family [1] |

## What to watch
- Bitcoin price at $65,000 – a technical support level that could trigger further downside if broken.  
- Any SEC filing or regulatory decision on the USD1 stablecoin, especially concerning its U.S. classification.  
- Upcoming Treasury or trade policy announcements that could affect tariff expectations.

The Bitcoin collapse underscores how policy shocks and politically‑linked crypto ventures can together destabilize the market. Whether the USD1 stablecoin will become a lasting fixture or a catalyst for further volatility remains an open question.

## Sources
1. Wikipedia — [Cryptocurrency in the second Trump presidency - Wikipedia](https://en.wikipedia.org/wiki/Cryptocurrency_in_the_second_Trump_presidency)
2. Npr — [Trump promised a crypto revolution. Why is bitcoin crashing? : NPR](https://www.npr.org/2026/02/07/nx-s1-5704279/trump-crypto-bitcoin-winter)

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Cite as: TrendWatcher, "Trump stablecoin launch linked to Bitcoin’s plunge to $60,000", https://www.trendwatcher.in/article/33246506-5aa3-4b3f-913c-37b221969f89