Blog Details
11 oct. 2025
馃搲 Bitcoin and Ethereum Decline Amid Escalating U.S.鈥揅hina Trade Tensions
On October 10, 2025, Bitcoin experienced a significant drop of 8.4%, falling to $104,782, following President Donald Trump's announcement of a 100% tariff on Chinese exports and restrictions on critical software exports. This move was in retaliation to China's decision to limit exports of rare earth minerals essential for technology and manufacturing sectors. The announcement sent shockwaves through global financial markets, leading to a 2% decline in the S&P 500 Index. Ethereum also saw a decline, dropping 5.8% to $3,637. The cryptocurrency market, previously resilient, is now reacting negatively to renewed tariff threats from President Trump.
