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Bitcoin Price Today: Falls to $113K Amid U.S.–China Trade Tensions
Bitcoin fell on Tuesday, ending its recent rebound as markets remained cautious amid growing fears of a renewed trade war between the U.S. and China.
The broader cryptocurrency market also moved in a flat-to-lower range after heavy losses in recent sessions. U.S. President Donald Trump’s announcement of 100% tariffs on China wiped out about $500 billion in crypto market capitalization within days.
Bitcoin led the decline, dropping sharply from its record high of $126,000 reached last week. The world’s largest cryptocurrency slipped 1% to $113,547.0 as of 07:53 Moscow time.
Demand for Bitcoin was largely replaced by interest in safe-haven assets such as gold, which hit another record high on Tuesday.
Although crypto markets received some support from conciliatory comments by U.S. officials toward China, overall risk appetite remained weak.
Bitcoin’s rebound proved short-lived
Tensions between the U.S. and China triggered another crypto market sell-off. Bitcoin fell to a low of $103,800 over the weekend following Trump’s initial announcement of additional tariffs against China.
While Bitcoin recovered to around $115,000 on Monday, the rebound quickly faded amid no signs of improvement in U.S.–China relations.
Beijing said Tuesday it was ready to “fight to the end” in the trade war with Washington and accused the U.S. of discriminatory practices.
The latest wave of tensions threatens to undermine the framework agreement previously reached between Washington and Beijing. The conflict stems largely from U.S. dissatisfaction with China’s tighter export controls on its rare earth industry.
China defended the controls as justified and showed no willingness to yield to U.S. demands. While confirming that working-level talks continue, Beijing warned against further tariffs.
Crypto prices today: Ethereum and altcoins remain under pressure
The broader cryptocurrency market mostly traded flat to lower as risk appetite showed little sign of recovery.
Ethereum, the world’s second-largest cryptocurrency, slipped 0.4% to $4,116.56 after dropping to a weekend low of $3,400.
XRP fell 0.6% and remains below $3.0.
Solana and Cardano showed some strength, rising 4.8% and 1.1% respectively.
Among meme coins, Dogecoin dropped 0.7%, while $TRUMP gained 2%.
Beyond trade tensions, crypto markets also face growing skepticism about corporate treasury strategies, particularly concerning Bitcoin holdings.
See also: "Marathon Buys 400 BTC for $46 Million After the Biggest Crypto Market Crash on October 10"
