Bitcoin value 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 Fact Social right now that China has introduced “aggressive” and “unprecedented” export controls on almost all merchandise, affecting all international locations 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 beneath $108,000. On the time of writing, the bitcoin value is again to the $113,000 vary with excessive volatility.
At instances, 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 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 lengthen to foreign-made merchandise that comprise or had 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 worldwide 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 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 value response
Bitcoin began October on a tear, hitting recent 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 part” of the continued 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% 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.
