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Bitcoin value fell to the $108,000 range today as intensifying U.S.-China trade disputes and tariff discussions created turmoil in global markets.
President Donald Trump shared on Truth Social today that China has revealed “aggressive” and “unprecedented” export regulations on nearly all commodities, impacting all nations starting November 1, 2025. In retaliation, Trump asserted that the U.S. will enact a 100% tariff on Chinese products and implement export restrictions on essential software from the same date.
Bitcoin’s value plummeted in response to the announcement, dropping from approximately $117,000 in early afternoon to under $108,000. As of this writing, the bitcoin value has returned to the $113,000 range with significant volatility.
At various points, the bitcoin value was down approximately 10% while many other cryptocurrencies saw declines of 20-40%
Markets respond to U.S.-China trade dynamics
Global markets experienced a sell-off earlier today following President Trump’s declaration of intentions to substantially raise tariffs on Chinese products. The action was a reaction to Beijing’s new limitations on rare-earth exports, which the U.S. president accused China of utilizing to “monopolize” vital resources.
China’s heightened export controls now include foreign-manufactured goods that incorporate or were processed using Chinese rare-earths, indicating a significant escalation in the trade conflict.
The policy extension — focusing on defense, semiconductor, and AI industries — raised alarms about a potential global supply chain disruption.
Risk assets generally plummeted today, with the S&P 500 dropping 2% and the Nasdaq declining 2.7%. Trump also called off a scheduled meeting with Xi Jinping at APEC, pledging to “financially counter” China’s actions.
Trump previously characterized Beijing’s measures as “sinister and hostile,” asserting that the U.S. possesses even greater leverage but has abstained from utilizing it — until now.
Crypto-related stocks, including Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), fell 3%-12% throughout the day.
Bitcoin value response
Bitcoin commenced October with significant momentum, reaching new all-time peaks exceeding $126,000 during the initial week of the month before retreating back into the $121,000 range in recent days.
Market analysts indicate that the surge illustrates what many label the “euphoria phase” of the current bull cycle — a period traditionally characterized by swift price increases and rising retail enthusiasm.
If historical cycles serve as a reference, the present momentum could drive Bitcoin toward the $180,000–$200,000 range before sentiment cools.
The leading cryptocurrency has ascended more than 30% since the beginning of the year, propelled by consistent inflows into U.S.-listed Bitcoin ETFs and a revival of investor confidence throughout the digital asset sector.
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