The post BTC Crashes to $102K After Trump’s China Tariff Bombshell appeared on BitcoinEthereumNews.com.

Joerg Hiller
Oct 11, 2025 05:07

Cryptocurrency markets reel as presidential trade war escalation triggers massive sell-off, wiping billions from digital asset valuations overnight.

Bitcoin experienced a dramatic plunge to approximately $102,000 on major exchanges today, marking one of the most significant single-day corrections in recent months as President Trump announced sweeping 100% tariffs on Chinese imports, sending shockwaves through global financial markets. The leading cryptocurrency dropped more than $1 million Philippine pesos in value within a 24-hour period, according to trading data from Binance’s perpetual futures market. The sell-off represents a sharp reversal from Bitcoin’s recent strength, which had seen the digital asset trading near the $122,000 level just days earlier. Market Carnage Unfolds The cryptocurrency market’s violent reaction underscores the growing correlation between digital assets and traditional risk-on investments during periods of geopolitical uncertainty. Bitcoin briefly touched lows around $101,500 before mounting a partial recovery that brought prices back above $107,000, though the asset remains significantly down from its recent highs. “This is a classic risk-off move triggered by escalating trade tensions,” said Michael Chen, Chief Market Strategist at Digital Assets Research Group. “When Trump announces tariffs of this magnitude, institutional investors immediately reduce exposure to volatile assets like cryptocurrencies. We’re seeing forced liquidations across the board.” The timing of the crash is particularly notable given October’s historical strength for Bitcoin. Analysis of the past 15 years shows a 73% probability of positive monthly closes during October, with average returns of approximately 27%. This year’s turbulence threatens to break that pattern. ETF Outflows Signal Institutional Concern Adding to the bearish sentiment, Bitcoin spot exchange-traded funds recorded net outflows of $4.5 million on October 10, just before the tariff announcement amplified market stress. While BlackRock’s IBIT fund attracted $74.2 million in…

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Filed under: News - @ October 12, 2025 3:20 am