The U.S.–China Trade War Just Shook the Market Again

[Victoria01]

President Trump’s latest move a 100% tariff on Chinese tech imports announced on October 10 sent shockwaves through global markets. Stocks tumbled, with the Nasdaq sliding 3.1%, and crypto wasn’t spared either. Bitcoin briefly crashed to around $102K before bouncing back slightly.

The selloff showed just how closely crypto now moves with traditional markets. On the day, Bitcoin’s correlation with the Nasdaq hit 0.90 one of the highest in recent months. As fear gripped traders, money quickly flowed out of risk assets and into safe havens like gold, which climbed 1.2%.

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

[Fortify]

China holds most of the cards in this trade war. By cutting them off, you actually make it more likely that they will diversify and become less reliant on trade with the US. That ends up with a much more dangerous situation for the world, because it makes it easier for China to do thing like invade Taiwan. Trade wars and protectionism often backfire, which we are likely to see play out in the years ahead.

For politician it looks good making everyone your enemy, however we had it pretty good in comparison before all these tariffs started. There are legitimate concerns to address with subsidies by certain countries that unfairly support certain industries, but ultimately some countries have natural advantages which they should maximize as it makes the goods/services cheaper while other countries can specialize in other things.

Trump doesn't understand any of this, he is merely bullying "enemies" and allies alike, making America uncompetitive and doing serious damage to trade relationships. He might make some feeble gains in certain areas, but they'll evaporate when companies are no longer directed by this dictator.

[Akbarkoe]

Why be surprised? haven't we seen this planning before and Trump has said it, the stock and crypto markets have really been forced down because of fears that there will be a counter-response by Xi Jinping in the near future, if these two countries don't have a good solution in the near term I think the trade conflict will lead to continued conflict, in the current situation self-esteem and ego are high when they feel that their country is capable of being independent, and what I fear is that, this is not a good sign, the US remains stubborn and  China will probably respond seriously too.

[Widdop37]

Here is where i stand, Trump is playing games with all of us and it always works all the time, if two president becomes enemy or are not on the same terms it is always a serious issue, isn't it? i an very sure that the president of china is also fully aware of this mind game, it is all a plan.

What i don't like is how controlling the price of bitcoin have become this easy, they will always use this trick on the market whenever they feel like and this sucks so bad, i have always like bitcoin because it can't be controlled by anyone but right now things are not the way they used to.

Everyone should relax, Trump is known for peace settlement,  i still like him for that, he is not war and violence hungry like some leaders, so why now? they are placing their cards like a game, think about it.

[Die_empty]

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

It was China that triggered this war with its new export controls on rare earth metals. An escalation of trade wars between these two economies might lead to a global economic crisis. Bitcoin has been seen as a hedge against inflation, but it has recently been responding to economic and political decisions, primarily in the US.   

China holds most of the cards in this trade war. By cutting them off, you actually make it more likely that they will diversify and become less reliant on trade with the US. That ends up with a much more dangerous situation for the world, because it makes it easier for China to do thing like invade Taiwan. Trade wars and protectionism often backfire, which we are likely to see play out in the years ahead.

China is building its economy to be immune to the US sanctions. It has already built trade partnerships in Europe, Africa and some part of America. With US bullying India, Brazil and other big economies, new alliances are being formed to counter US tariffs. 

[Webetcoins]

I never understood why the market reacts the way it does to these silly stuff.

Isn't it obvious what the yare doing? They sold gold at the top, made a ton of money, then made trump say something silly, made bitcoin crash, bought at the bottom, and then they are going to end up with selling that too when tomorrow or some other day Trump says "okay I am a nice guy, I won't do it, that's how nice of a guy I am, I am the nicest of guys, did you know I am a nice guy, they al say it, everyone says how nice I am, they wanted to give me the Nobel peace prize, but I said no, that's how nice of a guy I am " or some other noncoherent idiotic moronic thing he will say. Then drop it to something silly like 20% or whatever, and bitcoin will boom, and his rich friends will end up selling at much higher.

[Marvell1]

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

It was China that triggered this war with its new export controls on rare earth metals. An escalation of trade wars between these two economies might lead to a global economic crisis. Bitcoin has been seen as a hedge against inflation, but it has recently been responding to economic and political decisions, primarily in the US.  

China is the one who triggered this trade war, are you kidding? The trade war between them happened during Trump's first term, and what is happening is just a continuation initiated by Trump since 2018. The fight never even stopped when the Biden administration decided not to lift any tariffs on Chinese goods after taking over the White House. Trump is only continuing to escalate the trade war he initiated immediately after being elected to a second term.
It can be said that all these bad things are caused by Trump and no one else.

Trump initiated and forced China to make concessions, and he did not stop there. He is the one who wants to monopolize by enacting high-tech export control restrictions, banning the export of Nvidia chips. Restrict US tech companies from investing in China and ask allies like Japan and the Netherlands to adopt similar restrictions.

Trump is doing everything to maintain America's monopoly, but why is no one talking about this? It would be no coincidence that China tightened controls on rare earth exports if Trump had not done so. They’re just protecting themselves and defending in case the US launches a preemptive strike.

[nikola22]

ultimately USA and China will reach an agreement. their economies are closely related and dependent on each other so trade wars won't benefit anyone. we'll likely see negotiations between Trump and Xi in the next couple of weeks.

it can be concluded that BTC has become a quiet stable asset and the decline wasn't very strong. oddly enough, this market situation can only strengthen BTC position and attract additional investors. perhaps in the future in similar situations investors will choose gold and BTC as equal assets for safe harbour.

[kotajikikox]

President Trump’s latest move a 100% tariff on Chinese tech imports announced on October 10 sent shockwaves through global markets. Stocks tumbled, with the Nasdaq sliding 3.1%, and crypto wasn’t spared either. Bitcoin briefly crashed to around $102K before bouncing back slightly.

I just briefly checked the price of bitcoin and I was surprised to see that it has declined. I thought it was just people taking their profits from the recent ATH but it seems like they took to it out because of this. I don’t get it though, if there are fiat wars shouldn’t people be investing in crypto more?

I guess people also have taken their money out of the market after others have done the same.

[DanWalker]

ultimately USA and China will reach an agreement. their economies are closely related and dependent on each other so trade wars won't benefit anyone. we'll likely see negotiations between Trump and Xi in the next couple of weeks.

it can be concluded that BTC has become a quiet stable asset and the decline wasn't very strong. oddly enough, this market situation can only strengthen BTC position and attract additional investors. perhaps in the future in similar situations investors will choose gold and BTC as equal assets for safe harbour.

No country benefits from a trade war and negotiations are sure to take place but the question is who will give in first? There can be no agreement without concessions from one of the two.

Bitcoin has dropped almost 10% in a short period of time and this would be considered normal if it happened years ago. But today, things have changed dramatically, it has a market capitalization of over $2 trillion and is considered a superior asset to gold. So a 10% drop is unusual.

Look at gold, the price of gold increased slightly after that news and that is how a safe haven asset works.

[nikola22]

No country benefits from a trade war and negotiations are sure to take place but the question is who will give in first? There can be no agreement without concessions from one of the two.

Bitcoin has dropped almost 10% in a short period of time and this would be considered normal if it happened years ago. But today, things have changed dramatically, it has a market capitalization of over $2 trillion and is considered a superior asset to gold. So a 10% drop is unusual.

Look at gold, the price of gold increased slightly after that news and that is how a safe haven asset works.

in case of USA and China unilateral concessions are unlikely. both sides will have to find a compromise and only then will be possible the agreement.

many years ago BTC could drop by 20% and it wouldn't be a surprise. it's good that a 10% drop for BTC now seems unexpected indicating that the asset is maturing. BTC still has a long way to go to reach gold's $27 trillion market capitalization. the price of gold rose during the market crash because it is traditionally considered as a safe haven. perhaps BTC will soon become a safe haven too and investors will buy it during crises.

[Franctoshi]

President Trump’s latest move a 100% tariff on Chinese tech imports announced on October 10 sent shockwaves through global markets. Stocks tumbled, with the Nasdaq sliding 3.1%, and crypto wasn’t spared either. Bitcoin briefly crashed to around $102K before bouncing back slightly.

The selloff showed just how closely crypto now moves with traditional markets. On the day, Bitcoin’s correlation with the Nasdaq hit 0.90 one of the highest in recent months. As fear gripped traders, money quickly flowed out of risk assets and into safe havens like gold, which climbed 1.2%.

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

Remember, Bitcoin is traded in the futures open market and on the forex market, Wall Street, and leverage traders on various exchanges. If it were to be Bitcoin on various wallets, it wouldn't have affected the market to crash down, so when the news came, our people already knew the impact on the market, so it caused a lot of people to instantly sell off or short the market, which caused the immediate market bleed down. China will definitely come up with their own retaliatory tariff on the US. All these are part of the game to cause panic and manipulate the market.

Saw in the news that BlackRock bought the dip, whereas a lot of people are panic selling.

[BIT-BENDER]

China holds most of the cards in this trade war. By cutting them off, you actually make it more likely that they will diversify and become less reliant on trade with the US. That ends up with a much more dangerous situation for the world, because it makes it easier for China to do thing like invade Taiwan. Trade wars and protectionism often backfire, which we are likely to see play out in the years ahead.

For politician it looks good making everyone your enemy, however we had it pretty good in comparison before all these tariffs started. There are legitimate concerns to address with subsidies by certain countries that unfairly support certain industries, but ultimately some countries have natural advantages which they should maximize as it makes the goods/services cheaper while other countries can specialize in other things.

Trump doesn't understand any of this, he is merely bullying "enemies" and allies alike, making America uncompetitive and doing serious damage to trade relationships. He might make some feeble gains in certain areas, but they'll evaporate when companies are no longer directed by this dictator.

I believe Trump is not going the best way about some of his approach but China doesn't hold all the cards here, even if I don't support the Trump's acts of bullying but China and US needs it's other and if they go their Separate ways China will feel it the most although with how stubborn they are going about this they don't mind the economical loses this fight will bring to them.
We have already started to see the implications of Trump's move and some can say it is the reason for the Bitcoin drop in price, so it is safe to say that no one needs this battle.

[Frankolala]

I believe that Trump is using his power to control the market based on his fear that the Chinese and nine other countries have agreed to abandon the US dollar. He is using this to show his anger on China who is the leader of BRICS and the strongest currently. If not instead of making this announcement of increase in tariff, he shoukd have had a meeting with Xi for dialogs. Not after he has crashed the market and made a lot of people run at loss before he said that he's open for negotiations from China.

[The Cryptovator]

President Trump’s latest move a 100% tariff on Chinese tech imports announced on October 10 sent shockwaves through global markets. Stocks tumbled, with the Nasdaq sliding 3.1%, and crypto wasn’t spared either. Bitcoin briefly crashed to around $102K before bouncing back slightly.

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

The war seems to be between Trump and crypto, not just limited to China. Because whenever Trump applies a tariff against China, then the crypto market seems to dump immediately. On the last day during the dump, I was sleeping. Suddenly, one of my friends called me and suggested buying something. He noticed the bottom, where we can buy some noticeable coins, including Bitcoin. So that I can earn a handsome amount within a short time. Sadly my wallet was empty; all the funds exist on the hardware wallet, and I am far from the wallet.

I was surprised when I saw the market conditions. Then I started finding out what the reason for the dump was, so I discovered the tariff. Through the crypto market directly related to the tariff, but it's the market sentiment. Investors become panicked and start selling. One of the reasons is also the stock market dump as well. I am not sure when this war will end and we can trade normally.

[Bitcoin_Arena]

Trump literary trying as hard as possible to Isolate the United States from the rest of the world with the stupid tariff wars. Unlike the United States, China has a lot of trading partners they can switch to, and they don't go bulling them around like the US does.

Take an example of the Soybean trade war, where China decided to exit the US market because of the same stupid tariffs. Guess who is suffering right now? The farmers in the US. Meanwhile, China has now decided to trade with the South Americans (Argentina and Brazil) but what is even more funny is that Trump and his team are trying as hard as possible to make Argentina stop trading with China. Imagine what kind of bully the US is! And this is not a war they will win in the long run. Most countries are starting to realize who the bad guy is, and it certainly isn't China.

One indicator is that the US dollar is weakening against most local currencies in the past few months.

[criptoevangelista]

Every time these things happen I ask myself: what does Bitcoin have to do with it? Does it really impact the fundamentals? These are events that have absolutely nothing to do with the Bitcoin world, which keeps moving forward normally and rising endlessly, since government money is printed nonstop. Anyway, I see these “Trump trades” as a good buying opportunity and a clear case of manipulation. And since they seem to be happening often, just buy and hold... and everything will be fine.

[coupable]

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

It's unlikely China will respone in a strong similar way like the USA because it's clear that Beijing doesn't want it to be a direct confrontation in the way that can damage the global market.
Beijing is likely to intensify its economic alliances with other countries to offset the US market. One of the plans that can be taken immediatly is to promote projects such as "Belt and Road" Initiative (Known also as the new Silk Road that will connect China to the rest of the world), and also support more the BRICS project to counter the USA hegemony.

[Ucy]

Why use something completely unconnected to Bitcoin to blame for the market situation?
The market was responding to something else just like it did few weeks ago when it behaved in similar manner before recently bouncing back above 120k. It has nothing to do with tarrif war except for the dollar making a slight gain. US President has occasionally used the tarrif... and the quite recent one was on Russia and India yet it wasn't connected to the Bitcoin market.
The other downward movement was instead blamed on wealthy people or so called institution investors, which the blamer claimed have decided to suppress the price of Bitcoin, yet the price bounced back heavily, and there was no concurrent event which fit their view point they could connect to that movement. Instead it was somehow connected back to the investors who they previously claimed had decided to suppress the price of Bitcoin.

Any observant and honest person will notice the movement started happening immediately after a comment on Bitcoin Discussion section that contains the word "shake" , (and the altcoin market seems to be the most affected to help improve Bitcoin market dominance). This means the market movement was connected to this forum, as it used to, which makes more sense since it's a Bitcoin forum that is strongly connected to Bitcoin, while the centralized financial world are connected to dollar and other fiats. The USA/China issue should have an opposite effect on the market since it connected to dollar and other fiats which are expected to massively fall against Bitcoin after the announcement except it has positive effect which will make more sense than the usual belief that the tarrif will be bad for USA.
Bitcoin should be reacting positively rather than negatively to the tarrif war between USA and other nations unless it's control by them and their economic factors, but it's not

[MusaMohamed]

President Trump’s latest move a 100% tariff on Chinese tech imports announced on October 10 sent shockwaves through global markets. Stocks tumbled, with the Nasdaq sliding 3.1%, and crypto wasn’t spared either. Bitcoin briefly crashed to around $102K before bouncing back slightly.

The selloff showed just how closely crypto now moves with traditional markets. On the day, Bitcoin’s correlation with the Nasdaq hit 0.90 one of the highest in recent months. As fear gripped traders, money quickly flowed out of risk assets and into safe havens like gold, which climbed 1.2%.

All eyes are now on Beijing’s next move. Any retaliation especially around tech or rare earth exports could fuel more volatility across global markets, including crypto.

Timeline: How Trump tariffs dragged Bitcoin below $80K.

Do you feel any surprise by knowing that tariff effect happened in March 2025 and Bitcoin price back then was about $80,000?
Now, its price after suffering the newest tariff shock is about $110,000 which is 37.5% above its price in March this year.

Tariff or not, it does not bring Bitcoin down to $16,000 that was its bottom price before this market cycle started months ago. Trump will also leave the White House in early of 2029.