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Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets.  President Donald Trump posted on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S. will impose a 100% tariff on Chinese goods and enforce export controls on critical software from the same date. Bitcoin price dumped as a result of the news, dumping from roughly $117,000 in early afternoon to below $108,000. At the time of writing, the bitcoin…

October got off to a hot start, but the historically strong month for Bitcoin and crypto prices—called “Uptober” by many investors—hit a roadblock Friday thanks to President Trump’s trade war. And now prices are falling fast as liquidations pile up.More than $1 billion worth of crypto positions have been liquidated over the last 24 hours, per data from CoinGlass, as crypto prices plunge alongside stocks following Trump’s Friday morning declaration that “massive” tariffs against China are in the works.Bitcoin plunged from a price above $122,000 Friday morning to about $116,200 recently, down 4% on the day, while Ethereum has fallen…

In brief Major banks including Banco Santander, Citi, Bank of America, and Deutsche Bank are exploring a “1:1 reserve-backed form of digital money.” The banks said in a statement that the potential product would be pegged to G7 currencies. A number of companies and banks worldwide are interested in issuing stablecoins. A group of international banks have said they are working together to explore issuing a stablecoin product. The banks—Banco Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, MUFG Bank Ltd, TD Bank Group, and UBS—said Friday that the digital token would be pegged to G7 currencies,…

A tightening U.S. power grid is driving bitcoin BTC$113,244.11 miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.Sites owned by IREN (IREN) and Riot Platforms (RIOT)…

Dogecoin’s structure “is still trying to turn around,” according to a market technician More Crypto Online who argues that both the higher-time-frame and intraday counts now permit a constructive path toward $0.60—provided a handful of support and breakout thresholds hold. In a new video, the analyst describes a market that is “printing higher highs and higher lows,” but cautions that the advance is “choppy, slow… boring and very fragile,” language that underscores how conditional the bullish setup remains. Dogecoin Breakout Loading On the daily chart, the crux of the thesis is the integrity of August’s corrective low, labeled as the…

Swan Bitcoin CEO Cory Klippsten said Bitcoin’s price volatility may not be over after the cryptocurrency briefly fell to $102,000 on Friday, following US President Donald Trump’s announcement of a 100% tariff on Chinese imports.“If the broader risk-off mood holds, Bitcoin can get dragged around a bit before it finds support and starts to decouple again,” Klippsten told Cointelegraph on Friday.Klippsten said that Bitcoiners should expect some turbulence over the coming days. “Macro-driven dips like this usually wash out leveraged traders and weak hands, then reset positioning for the next leg up,” Klippsten said. $8 billion wiped out in crypto marketOver…

In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which prompted a stream of users to complain about their allocations. Multi-chain decentralized exchange Aster has delayed its airdrop due to what it has identified as “potential data inconsistencies affecting certain users’ ASTER allocation.”It is now targeting an October 20 date for the token drop to…

Blockchain security firm PeckShield reported Friday that a wallet suffered a devastating loss of roughly $21 million worth of crypto assets on Hyperliquid, a decentralized trading platform.According to PeckShield, the theft stemmed from a private key compromise, allowing an attacker to drain the victim’s funds in a single swift move.The hack was isolated and was targeted towards the victim’s wallet, not HyperLiquid itself.The stolen assets PeckShield claims included approximately 17.75 million DAI and 3.11 million MSYRUPUSDP, both of which the hacker has since bridged to Ethereum.Onchain data shows that the attacker’s wallet executed a series of transactions to move the…

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the…

Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.Bitcoin BTC$111,480.33, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether ETH$4,005.03 tanked 16% below $3,700, while other major altcoins XRP$2.8211, solana SOL$201.48 and DOGE$0.2316 crashed 20%-30%. The native tokens of ADA$0.7842, Chainlink LINK$20.81 and Aave AAVE$267.09 fell as much as 40%Friday’s market meltdown lead to over $7 billion in liquidations…