Bitcoin worth dropped to the $108,000 vary at this time as escalating U.S.-China commerce tensions and tariff talks despatched shockwaves by means of 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 international locations beginning November 1, 2025. In response, Trump stated the U.S. will impose a 100% tariff on Chinese language items and implement export controls on important software program from the identical date.
Bitcoin worth 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 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 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” important sources.
China’s tightened export controls now prolong to foreign-made merchandise that include or had been processed utilizing Chinese language rare-earths, signaling a significant escalation within the commerce dispute.
The coverage growth — focusing on protection, semiconductor, and AI sectors — sparked issues of a world provide chain shock.
Threat property 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 better leverage however has shunned 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 in the course of 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 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 12 months, fueled by regular inflows into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence throughout the digital asset market.
