Recently, the price of Bitcoin plummeted to the $108,000 range, driven by escalating U.S.-China trade tensions and tariff discussions that have reverberated through global markets.

President Donald Trump shared on Truth Social that China has unveiled “aggressive” and “unprecedented” export controls affecting nearly all products, set to impact all nations starting November 1, 2025. In response, Trump stated that the United States will initiate a 100% tariff on Chinese goods while also enforcing export controls on critical software from the same date.

The Bitcoin price experienced a significant decrease following this announcement, dropping from approximately $117,000 in the early afternoon to below $108,000. At the time of this writing, Bitcoin has rebounded to the $113,000 range, exhibiting high volatility.

China’s tightened export controls now encompass foreign-made products that contain or were processed using Chinese rare-earth materials, indicating a major escalation in the trade dispute.

This expansion of policy targets the defense, semiconductor, and AI sectors, sparking widespread concerns regarding a potential global supply chain shock.

Risk assets across the board suffered losses today, with the S&P 500 dropping 2% and the Nasdaq declining by 2.7%. Furthermore, Trump cancelled a planned meeting with Xi Jinping at APEC, asserting his intent to “financially counter” China’s actions.

Earlier, Trump described Beijing’s conduct as “sinister and hostile,” claiming the U.S. possesses greater leverage but has held off on utilizing it until this point.

Crypto-related stocks, including Circle (CRCL), Robinhood (HOOD), Coinbase (COIN), and MicroStrategy (MSTR), experienced declines ranging from 3% to 12% throughout the day.

Bitcoin Price Reaction

Bitcoin began October with remarkable gains, reaching all-time highs above $126,000 during the first week of the month before retreating to the $121,000 range in recent days.

Market analysts assert that this rally reflects what is often termed the “euphoria phase” of the ongoing bull cycle—a period historically characterized by rapid price acceleration and increasing retail enthusiasm.

If historical trends are indicative, the current momentum could propel Bitcoin towards a range of $180,000–$200,000 before market sentiment begins to cool.

The leading cryptocurrency has surged over 30% since the start of the year, buoyed by consistent inflows into U.S.-listed Bitcoin ETFs and a resurgence of investor confidence within the digital asset market.

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