---
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"
date: 2025-10-14
canonical: "https://www.share-talk.com/bitcoin-slides-as-renewed-us-china-trade-war-wipes-129bn-from-crypto-market/"
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"]
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"
---

# Bitcoin Slides as Renewed US-China Trade War Wipes $129bn from Crypto Market

**Published:** October 14, 2025
**Author:** sharetalk
**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)

---

**Cryptocurrencies tumbled again on Tuesday** as tensions between the **United States and China** escalated, triggering a fresh wave of risk aversion across global markets.

**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.

More 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**.

The 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.

Last 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.

The 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.

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**Original URL:** https://www.share-talk.com/bitcoin-slides-as-renewed-us-china-trade-war-wipes-129bn-from-crypto-market/
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