Bitcoin Price Today: Drops to $104,782 amid escalating US-China trade tensions – News
Updated Oct 11, 2025 13:20 IST
Bitcoin Price Today: Drops to $104,782 amid escalating US-China trade tensions (Image: iStock/Canva/Et Now Digital)
The escalating trade tensions rattled global financial markets, sending the S&P 500 Index down by more than 2%, Reuters noted. Ethereum, the world’s second-largest cryptocurrency, also declined, falling 5.8% to $3,637, reflecting the broader sell-off in digital assets during market uncertainty.
What is Cryptocurrency?
Cryptocurrency is a form of digital or virtual currency that relies on cryptography for secure transactions. Unlike traditional government-issued money, cryptocurrencies operate on decentralised blockchain networks, which record and verify transactions transparently and immutably. Bitcoin, created in 2009, was the first cryptocurrency and remains the most recognised and widely used digital currency.
Investors are drawn to cryptocurrencies for their potential high returns and the ability to operate outside traditional financial systems. However, the market is highly volatile and can be significantly affected by global events, policy decisions, and regulatory changes. This makes thorough research and caution essential for anyone looking to invest.
Donald J. Trump announces 100% tariffs on China
US President Donald J. Trump announces 100% tariffs on China, in addition to any tariffs they are currently paying, and export controls on all critical software, starting on November 1.
In a post shared on X, Donald trump noted that, it has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1st, 2025, impose large scale Export Controls on virtually every product they make, and some not even made by them.
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