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Crypto’s $200 Billion Crash: Can Bitcoin Hope to Recover?
Bitcoin has long been the cornerstone of the cryptocurrency market, but last week's market plunge has put its dominance under scrutiny. On Friday, the crypto market shed approximately $200 billion in value, with BTC dropping over 15% from its peak that day above $122,000 to its trough around $104,000. This dramatic decline followed President Trump's announcement of potential 100% tariffs on Chinese imports after Beijing imposed further restrictions on rare earth minerals, sparking fears of a renewed trade war. A post on X by The Kobeissi Letter captured the scale: "It's official: Crypto just saw its LARGEST ... (full story)
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From @realDonaldTrump|Oct 12, 2025|93 comments
Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT
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