Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump’s Wednesday decision to boost the overall levy on Chinese goods to 54%.
Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day.
Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.
“China’s response is not only negative for the U.S. but it is also impacting the global outlook,” ForexLive’s analyst Justin Low wrote in a market update.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine The Amount of Bitcoin on Exchanges Is Shrinking. Is a Rally Imminent? Bitcoin’s…
Bitcoin Magazine Strive Buys More Bitcoin, Crosses 30,000 BTC Mark Nasdaq-listed Strive isn’t slowing down…
Bitcoin Magazine Matt Dines: Why a Rising Dollar is Bullish for Bitcoin The dollar is…
Bitcoin Magazine Alex Gladstein: How The Bitcoin-AI Convergence Impacts the Fight for Freedom Is the…
Investors are positioning ahead of today's bank earnings reports and Wednesday’s U.S. inflation data.Read MoreCoinDesk:…
Your day-ahead look for Oct. 13, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]