2 min read
Bitcoin price is showing signs of recovery, rebounding to around $112,000 after slipping below $110,000 amid renewed U.S.-China trade tensions. The world’s largest cryptocurrency by market capitalization is stabilizing after a volatile weekend that saw traders react sharply to escalating tariff announcements.
Earlier today, U.S. President Donald Trump revealed new measures on Truth Social, declaring a 100% tariff on Chinese goods effective November 1, 2025. The decision came in response to Beijing’s recent export restrictions on rare-earth minerals and other critical materials used in defense, AI, and semiconductor production.
Following the announcement, the Bitcoin price briefly plunged from $117,000 to below $108,000 before regaining momentum later in the day. Analysts attribute the swift rebound to strong buying interest and broader investor confidence in digital assets despite macroeconomic uncertainty.
Global markets also experienced sell-offs earlier as traders digested the deepening trade dispute. The new policies, which extend to foreign-made products containing Chinese rare-earths, have intensified concerns over global supply chains and technology manufacturing.
Bitcoin had started October with strong momentum, touching an all-time high above $126,000 during the first week of the month. Despite recent volatility, the cryptocurrency remains up more than 30% year-to-date, supported by rising institutional inflows and steady demand for U.S.-listed Bitcoin ETFs.
Market experts suggest that if sentiment holds, the Bitcoin price could continue its upward trajectory, targeting the $120,000 to $125,000 range in the near term.
Stay tuned to TechJuice for all the latest updates from the world of cryptocurrency!
