Cryptocurrency markets experienced significant fluctuations this past week, with Bitcoin’s price falling sharply. On Friday, Bitcoin’s value dipped below $110,000, eventually reaching $102,000. This downturn coincided with heightened global trade tensions.
Bitcoin’s Price Volatility Amid Macroeconomic Shifts
US-China Trade Dispute Impacts Digital Assets
The drop in Bitcoin’s price unfolded as former US President Donald Trump declared an impending 100% tariff on goods from China. This statement, made on Friday, injected uncertainty into global markets.
Trump indicated that these tariffs were a direct response to China’s alleged attempts to restrict the export of rare earth minerals. These minerals are vital components in the production of computer chips, making them strategically important.
In a social media post, Trump stated that China had adopted an “extraordinarily aggressive position on Trade.” He referenced a “hostile letter to the World,” where China reportedly outlined plans to implement large-scale export controls on a wide array of products, effective November 1, 2025.
Data Breach at Crypto Betting Platform
Compounding the market’s unease, the cryptocurrency betting platform Shuffle disclosed a user data breach. This incident adds another layer of concern for digital asset holders, highlighting ongoing security challenges within the crypto space.
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