{"id":128126,"title":"Bitcoin Slides as Renewed US-China Trade War Wipes $129bn from Crypto Market","publisher":"Share Talk","author":"sharetalk","published":"2025-10-14T11:58:34+00:00","modified":"2025-10-14T11:59:09+00:00","canonical_url":"https://www.share-talk.com/bitcoin-slides-as-renewed-us-china-trade-war-wipes-129bn-from-crypto-market/","markdown_url":"https://www.share-talk.com/bitcoin-slides-as-renewed-us-china-trade-war-wipes-129bn-from-crypto-market.md","json_url":"https://www.share-talk.com/bitcoin-slides-as-renewed-us-china-trade-war-wipes-129bn-from-crypto-market.json","category":"Blogs","categories":["Blogs","e-commerce","Fintech","Technology","Technology, Media & Telecoms"],"tags":["Bank of England","Beijing","china","chinese","Donald Trump","erbium","europium","holmium","Kathleen van Brempt","rare earth","thulium","USA","ytterbium"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/G3HU4H4XwAAbLkI.webp?fit=1024%2C576&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Cryptocurrencies tumbled again on Tuesday** as tensions between the **United States and China** escalated, triggering a fresh wave of risk aversion across global markets.\n\n**Bitcoin**, the world’s largest digital asset, **fell as much as 4.6% to around $110,000**, extending last week’s steep losses, after **Beijing raised the stakes** in its economic standoff with Washington.\n\nMore than **$129 billion** was erased from the total cryptocurrency market in the past 24 hours, according to **CoinGecko**, after **China imposed restrictions on the American subsidiaries** of one of **South Korea’s biggest shipbuilders**. The move was seen as retaliation for **US measures targeting China’s shipping sector**.\n\nThe sell-off highlights a **broader retreat from riskier assets** as investors flock to traditional safe havens. **Gold and silver** both surged to **record highs**, while **global stock markets** extended losses on fears that the trade dispute could spill over into broader economic disruption.\n\nLast week, roughly **$400 billion (£300 billion)** was wiped from the crypto market in less than a day after **Donald Trump vowed to impose steep new tariffs on Chinese imports**, reigniting fears of a **prolonged trade war** between the world’s two largest economies.\n\nThe renewed volatility has underscored how **sensitive digital assets remain to macroeconomic shocks**, despite Bitcoin’s growing mainstream adoption and the perception among some investors that it serves as a hedge against inflation."}