Blog Details
11 oct. 2025
馃搲 Bitcoin and Ethereum Drop Amid Trump鈥檚 New Tariff Threats on China
On Friday, October 10, 2025, Bitcoin experienced a sharp decline of 8.4%, falling to $104,782, following President Donald Trump鈥檚 announcement of a 100% tariff on Chinese exports and restrictions on critical software exports.
This move came in response to China鈥檚 decision to limit exports of rare earth minerals essential for technology and manufacturing sectors.
Ethereum also suffered a 5.8% drop, reaching $3,637. Bitcoin hit a low of $105,262 during the day, marking its largest decline since the beginning of the year.
The global cryptocurrency market lost over $200 billion in market value, affected by economic uncertainty and the strengthening U.S. dollar
