US President Donald Trump said the US is already “in” a trade war with China , and his comments have sent shock waves through crypto and financial 0 say he threatened steep tariffs — including a 100% tariff on Chinese imports — after Beijing tightened controls on rare earths and related technology 1 moved 2 3 4 Markets React To Tariff Threats According to Reuters and market reports, Bitcoin and Ether both dropped as investors rushed to reduce 5 on reports, close to $20 billion in leveraged crypto positions were liquidated within a 24-hour 6 smaller tokens plunged even more, driven by thin order books and forced 7 markets fell too, and some firms accelerated shipments to beat possible tariff 8 mood turned cautious almost 9 IN: President Trump declares the United States is in a TRADE WAR with China “We’re in one now!” “We have 100% tariffs.” “If we didn’t have tariffs, we would have no defense.
They’ve used tariffs on us.” 10 — Eric Daugherty (@EricLDaugh) October 15, 2025 Crypto Seen As Risk Asset Reports have disclosed that the idea of crypto as a safe haven has taken a 11 the stress of rising geopolitical tension, digital assets have behaved more like stocks than 12 itself rallied and reached fresh highs as traders sought traditional safe havens while crypto investors chased 13 say that when global risk rises quickly, holders of risky assets tend to sell first — and that has folded crypto into the wider “risk off” 14 Chains And Mining Costs Under Pressure China’s export controls on rare earth minerals matter to crypto beyond 15 earths and chipmaking are crucial for electronics and for mining 16 on trade reporting, any prolonged curbs or tariffs could raise the cost of semiconductors and other parts used in mining hardware and data 17 input prices would push some smaller miners to the sidelines, and could slow planned hardware upgrades that support 18 Moves Could Shape Crypto’s Future According to policy briefings and financial commentary, the political fight may bring new 19 trade measures harden, regulators in several countries could tighten oversight of cross-border flows and exchanges out of concern for national security and financial 20 the same time, fragmentation of payments and finance between blocs could create both risks and openings for alternative payment rails built on 21 flows may shift quickly as institutions reprice geopolitical risk and reallocate 22 image from Getty Images, chart from TradingView
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