Bitcoin worth dropped to the $108,000 vary right now as escalating U.S.-China commerce tensions and tariff talks despatched shockwaves by way of world markets.
President Donald Trump posted on Reality Social right now that China has introduced “aggressive” and “unprecedented” export controls on practically 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 worth dumped because of the information, dumping from roughly $117,000 in early afternoon to beneath $108,000. On the time of writing, the bitcoin worth is again to the $113,000 vary with excessive volatility.
At occasions, the bitcoin worth was down roughly 10% with many different cryptocurrencies down 20-40%
Markets react to U.S-China commerce relations
World markets bought off earlier right now 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 prolong to foreign-made merchandise that include or have been processed utilizing Chinese language rare-earths, signaling a significant escalation within the commerce dispute.
The coverage enlargement — focusing on protection, semiconductor, and AI sectors — sparked issues of a world provide chain shock.
Threat property broadly tumbled right now, 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 better leverage however has avoided 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 worth response
Bitcoin began October on a tear, hitting contemporary all-time highs above $126,000 throughout the first week of the month earlier than easing again into the $121,000 vary in latest days.
Market analysts say the rally displays what many describe because the “euphoria section” of the continuing bull cycle — a stage traditionally marked by speedy worth acceleration and rising retail enthusiasm.
If previous cycles are any information, the present momentum might propel Bitcoin towards the $180,000–$200,000 vary earlier than sentiment cools.
The main cryptocurrency has climbed greater than 30% for the reason that begin of the 12 months, fueled by regular inflows into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence throughout the digital asset market.
