Bitcoin Price Dumps To $108,000, Trump Puts Tariffs On China

Bitcoin’s value fell to the $108,000 vary in the present day as escalating US-China commerce tensions and tariff talks despatched shockwaves by way of international markets.

President Donald Trump posted on Reality Social in the present day that China has introduced “aggressive” and “unprecedented” export controls on practically all merchandise, which can have an effect on all international locations beginning November 1, 2025. In response, Trump mentioned the US will impose a 100% tariff on Chinese language items and implement export controls on crucial software program from the identical date.

The Bitcoin value fell because of the information, dropping from round $117,000 within the early afternoon to lower than $108,000. On the time of writing, the bitcoin value is again within the $113,000 vary, with excessive volatility.

At instances, the worth of bitcoin fell by about 10%, whereas many different cryptocurrencies fell by 20-40%

Markets react to US-China commerce ties

World markets bought off earlier in the present day after President Trump introduced plans to dramatically improve tariffs on Chinese language items. The transfer came in response to Beijing’s new restrictions on uncommon earth exports, which the US president accused China of utilizing to “monopolize” essential assets.

China’s stricter export controls now lengthen to foreign-made merchandise that include or are processed from Chinese language uncommon earths, signaling a significant escalation within the commerce dispute.

The coverage enlargement – aimed on the protection, semiconductor and AI sectors – raised considerations a few international provide chain shock.

Danger belongings largely tumbled in the present day, with the S&P 500 down 2% and the Nasdaq down 2.7%. Trump additionally canceled a deliberate assembly with Xi Jinping at APEC, vowing to “financially counter” China’s transfer.

Trump beforehand described Beijing’s actions as “sinister and hostile”, claiming the US has even larger affect however has not used it to date.

Crypto-related shares, corresponding to Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), fell 3%-12% for the day.

Bitcoin value response

Bitcoin began October on a tear, reaching new all-time highs above $126,000 within the first week of the month earlier than falling again to $121,000 in latest days.

Market analysts say the rally displays what many describe because the “euphoria section” of the continued bull cycle – a section traditionally characterised by speedy value will increase and rising retail enthusiasm.

If previous cycles are any information, present momentum may push Bitcoin in the direction of $180,000-$200,000 earlier than sentiment cools.

The main cryptocurrency is up greater than 30% because the begin of the yr, fueled by regular inflows into US-listed Bitcoin ETFs and a revival of investor confidence within the digital asset market.