Bitcoin Price Plunges Amid Trade Tensions
Bitcoin experienced a significant price drop on Friday, falling below $110,000 and even touching $102,000. This downturn followed an announcement from U.S. President Donald Trump regarding new tariffs on Chinese goods.
Tariffs and Economic Uncertainty
President Trump declared a 100% tariff on various imports from China. He stated these measures were a response to China’s alleged plans to restrict exports of rare earth minerals. These minerals are vital components in the manufacturing of computer chips and other advanced technologies.
Rare Earth Minerals at the Core of Dispute
Trump elaborated on the situation via a public statement, indicating that China had communicated an aggressive stance on trade. According to the statement, China intends to implement large-scale export controls on most of its manufactured products, effective November 1, 2025. This development has fueled concerns about global supply chains and economic stability, contributing to volatility in cryptocurrency markets.
Crypto Betting Platform Suffers Data Breach
In separate news, the cryptocurrency betting platform Shuffle has disclosed a user data breach. Details regarding the extent and nature of the breach are still emerging, but such incidents often raise questions about the security protocols of digital platforms.
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