According to @KobeissiLetter, the S&P 500 extended losses by more than 100 points within 30 minutes after President Trump’s statement on China (source: The Kobeissi Letter on X, Oct 10, 2025). Crypto market impact was not specified in the post, with no mention of BTC or ETH reactions or funding changes (source: The Kobeissi Letter on X, Oct 10, 2025).