-
Bitcoin Outlook: USD/BTC Looked Shaky Even Before Tariff Shock
Has Donald Trump’s threat to impose additional 100% tariffs on Chinese imports from November 1 in retaliation to Beijing’s decision to implement export controls on rare earth minerals provided a catalyst to spark meaningful downside in Bitcoin and other crypto assets? Looking at the price action leading up to and following Trump’s Truth Social post late Friday, it’s easy to make the case. The chart below has two panes. On the left, it’s USD/BTC using a daily timeframe. On the right, it’s USD/BTC using a weekly tick. Both show notable topping patterns, warning that calls for another quick ‘TACO’ ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cointelegraph.com | Oct 13, 2025
The US stock markets, Bitcoin and altcoins are trying to claw their way back up from the deep drops seen on Friday following US President Donald Trump’s announcement of a 100% tariff on China. The fall was brutal, resulting in a 24-hour liquidation of about $20 billion, according to CoinGlass data. Several highly leveraged traders, lacking proper risk ...
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
From fxpro.news | Oct 13, 2025
The crypto market capitalisation stood at $3.9 trillion on Monday, up 4.4% from the previous day but down 6% from pre-Friday crash levels. On Friday, the US stock market saw its biggest drop since April but recovered some of its losses on Monday. Since Sunday, the crypto market has been attempting to rebound after a sell-off that began as an emotional ...
