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flag Bitcoin plunges 8.4% to $104,782 amid trade tensions sparked by Trump’s tariffs and China’s export restrictions.

flag On October 10, 2025, Bitcoin dropped to $104,782, falling 8.4%, and Ethereum declined 5.8% to $3,637 amid global market turmoil triggered by former U.S. President Donald Trump’s announcement of 100% tariffs on Chinese imports and new export controls on critical software. flag The move followed China’s restrictions on rare earth mineral exports, sparking fears of a renewed trade war. flag The escalation caused the S&P 500 to fall over 2%, triggered over $7.4 billion in crypto liquidations, and led investors to seek safe-haven assets like U.S. Treasuries and gold.

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