{"id":52214,"date":"2025-10-10T15:46:39","date_gmt":"2025-10-10T15:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52214"},"modified":"2025-10-10T15:46:39","modified_gmt":"2025-10-10T15:46:39","slug":"trump-tariff-threat-on-china-sends-bitcoin-tumbling-below-119k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52214","title":{"rendered":"Trump Tariff Threat on China Sends Bitcoin Tumbling Below $119K"},"content":{"rendered":"
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It’s deja vu all over again for bitcoin bulls as Monday’s rally to an all-time high triggered not FOMO, but instead fast retreat. That retreat sped up in a big way in late-morning U.S. action on Friday after trade war tensions between the U.S. and China ratcheted higher.<\/p>\n

U.S. President Donald Trump said in a Truth Social post<\/a> minutes ago that he’s preparing a “massive increase” in tariffs on Chinese goods in response to China earlier imposing export controls on rare earth metals.<\/p>\n

Following the post, bitcoin (BTC) plunged below $119,000 from $122,000. Ether (ETH), solana (SOL) and XRP each joined in the swift decline.<\/p>\n

The drop in crypto prices also weighed on stocks tied to the sector. Circle (CRCL) fell over 6%. Robinhood (HOOD), which gets a large portion of its trading activity from crypto, declined 5%.<\/p>\n

Coinbase (COIN) also shed 5%, while MicroStrategy (MSTR) slipped about 3%.<\/p>\n

The news rippled across traditional markets, too. WTI crude oil dropped nearly 4% below $60, its weakest price since early May. The S&P 500 and Nasdaq were 1.6% and 1.3% lower, respectively.<\/p>\n

Gold? It rallied more than 1% to back over $4,000 per ounce as the yellow metal once again showed itself, not bitcoin, to be the risk-off asset of choice for investors.<\/p>\n

At the current $118,800, bitcoin is lower by about 2% over the past 24 hours and about 6% since hitting a new record above $126,000 just four days ago.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s deja vu all over again for bitcoin bulls as Monday’s rally to an all-time high triggered not FOMO, but instead fast retreat. That retreat sped up in a big way in late-morning U.S. action on Friday after trade war tensions between the U.S. and China ratcheted higher. U.S. President Donald Trump said in a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52214","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52214"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52214\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}