Bitcoin value dropped to the $108,000 vary at this time as escalating U.S.-China commerce tensions and tariff talks despatched shockwaves via world markets.
President Donald Trump posted on Fact Social at this time that China has introduced “aggressive” and “unprecedented” export controls on almost all merchandise, affecting all nations beginning November 1, 2025. In response, Trump mentioned the U.S. will impose a 100% tariff on Chinese language items and implement export controls on vital software program from the identical date.
Bitcoin value dumped on account of the information, dumping from roughly $117,000 in early afternoon to under $108,000. On the time of writing, the bitcoin value is again to the $113,000 vary with excessive volatility.
At occasions, the bitcoin value was down roughly 10% with many different cryptocurrencies down 20-40%
Markets react to U.S-China commerce relations
International markets offered off earlier at this time following President Trump’s announcement of plans to dramatically improve tariffs on Chinese language items. The transfer got here in response to Beijing’s new restrictions on rare-earth exports, which the U.S. president accused China of utilizing to “monopolize” vital sources.
China’s tightened export controls now lengthen to foreign-made merchandise that comprise or had been processed utilizing Chinese language rare-earths, signaling a serious escalation within the commerce dispute.
The coverage enlargement — concentrating on protection, semiconductor, and AI sectors — sparked considerations of a worldwide provide chain shock.
Threat belongings broadly tumbled at this time, with the S&P 500 falling 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 earlier described Beijing’s actions as “sinister and hostile,” claiming the U.S. holds even higher leverage however has kept away from utilizing it — till now.
Crypto-related shares, like Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), declined 3%-12% all through the day.
Bitcoin value response
Bitcoin began October on a tear, hitting recent all-time highs above $126,000 through the first week of the month earlier than easing again into the $121,000 vary in current days.
Market analysts say the rally displays what many describe because the “euphoria part” of the continuing bull cycle — a stage traditionally marked by fast value acceleration and rising retail enthusiasm.
If previous cycles are any information, the present momentum may propel Bitcoin towards the $180,000–$200,000 vary earlier than sentiment cools.
The main cryptocurrency has climbed greater than 30% because the begin of the yr, fueled by regular inflows into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence throughout the digital asset market.
