Bitcoin Value Reacts Instantly as Trump Says Tariffs on China Gained't Stand

BTC dumped under $104,000 earlier right now.

US President Donald Trump simply stated that the tariffs that had been alleged to be imposed on China as of November 1 received’t stand.

Bitcoin’s worth reacted with an instantaneous uptick that pushed it from its multi-week backside (on most exchanges) again to $106,000.

Recall the developments that passed off final Friday when the POTUS threatened China with a brand new wave of tariffs, which had been later made official with a beginning date of November 1. Some Chinese language merchandise had been alleged to be taxed at over 100%.

This political turmoil brought about an instantaneous crash within the cryptocurrency markets. Bitcoin stood above $122,000 however crumbled under $117,000 inside minutes, after which the cascading impact of billions of {dollars} in overleveraged positions drove it even additional south to underneath $110,000 on most exchanges and all the way in which right down to $101,000 on Binance.

Additional stories on the matter revealed that this might need been one massive misunderstanding between Beijing and Washington, and the stress between the 2 superpowers started to de-escalate.

Simply minutes in the past, Trump was requested whether or not the 100% tariffs on China will stand. He responded with a “No,” and added that “I believe we might be fantastic with China.” Each international locations’ presidents are supposed to fulfill in two weeks.

BREAKING: President Trump was simply requested if his 100% tariff on China will stand.

His response: “No.”

— The Kobeissi Letter (@KobeissiLetter) October 17, 2025

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BTC’s worth reacted with one other instantaneous swing, this time to the upside. The asset had tumbled under $104,000 to mark a multi-month low (on most exchanges), however bounced to over $106,000 as of press time.