US President Donald Trump just said that the tariffs that were supposed to be imposed on China as of November 1 won\u2019t stand.<\/p>\n
Bitcoin\u2019s price reacted with an immediate uptick that pushed it from its multi-week bottom (on most exchanges) back to $106,000.<\/p>\n
Recall the developments that took place last Friday when the POTUS threatened China with a new wave of tariffs, which were later made official with a starting date of November 1. Some Chinese products were supposed to be taxed at over 100%.<\/p>\n
This political turmoil caused an immediate crash in the cryptocurrency markets. Bitcoin stood above $122,000 but crumbled below $117,000 within minutes, and then the cascading effect of billions of dollars in overleveraged positions drove it even further south<\/a> to under $110,000 on most exchanges and all the way down to $101,000 on Binance.<\/p>\n Further reports on the matter revealed that this might have been one big misunderstanding<\/a> between Beijing and Washington, and the tension between the two superpowers began to de-escalate.<\/p>\n Just minutes ago, Trump was asked whether the 100% tariffs on China will stand. He responded with a \u201cNo,\u201d and added that \u201cI think we will be fine with China.\u201d Both countries\u2019 presidents are supposed to meet in two weeks.<\/p>\n BREAKING: President Trump was just asked if his 100% tariff on China will stand.<\/p>\n His response: \u201cNo.\u201d<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) October 17, 2025<\/a><\/p>\n\n BTC\u2019s price reacted with another instantaneous swing, this time to the upside. The asset had tumbled<\/a> below $104,000 to mark a multi-month low (on most exchanges), but bounced to over $106,000 as of press time.<\/p>\n <\/a>BTCUSD. Source: TradingView<\/p>\n The post Bitcoin Price Reacts Immediately as Trump Says Tariffs on China Won\u2019t Stand<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" US President Donald Trump just said that the tariffs that were supposed to be imposed on China as of November 1 won\u2019t stand. Bitcoin\u2019s price reacted with an immediate uptick that pushed it from its multi-week bottom (on most exchanges) back to $106,000. Recall the developments that took place last Friday when the POTUS threatened […]<\/p>\n","protected":false},"author":0,"featured_media":105559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105558"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105558"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105559"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nThe post Bitcoin Price Reacts Immediately as Trump Says Tariffs on China Won\u2019t Stand<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"US President Donald Trump just said that the tariffs that were supposed to be imposed on China as of November 1 won\u2019t stand. Bitcoin\u2019s price reacted with an immediate uptick that pushed it from its multi-week bottom (on most exchanges) back to $106,000. Recall the developments that took place last Friday when the POTUS threatened […]<\/p>\n","protected":false},"author":0,"featured_media":105559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105558"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105558"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105559"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/BTCUSD-12.png\"){kind=link}