Trade Wars

Bitcoin plunges over $20,000 in October amid trade tensions

19 Mwezi wa kumi, 2025 Imeripotiwa na AI Picha iliyoundwa na AI

Bitcoin's price fell from a peak above $126,000 to below $104,000 in just 10 days during October 2025, erasing gains from an earlier rally. The drop, which wiped out $600 billion from the crypto market, was triggered by renewed U.S.-China trade threats from President Trump, alongside banking concerns, ETF outflows, and geopolitical uncertainties. Analysts warn of potential further declines into 2026.