Just recently, crypto assets experienced an unprecedented surge.
The cryptocurrency has decreased to $111,615. Over the past day, Bitcoin fell by 7.99%. Earlier, Trump stated on the social network Truth Social that Washington would impose 100% tariffs against Beijing for its "aggressive" trade policy. According to him, China has begun sending countries a statement that starting November 1, 2025, it will introduce large-scale export controls on almost all produced products.
In response, the United States also intends, according to Trump, to implement export controls for any critically important software.
The American leader expressed doubt that his meeting with Chinese President Xi Jinping makes sense. They had planned to hold talks during the APEC summit in South Korea. Trump noted that for the past six months, Washington and Beijing had maintained good relations, making such a trade move even more unexpected.
On October 6, the price of Bitcoin reached $126,000, hitting a new historical maximum.
In turn, the authorities of the European Union intend to introduce a ban on cryptocurrency transactions that they consider "loopholes for Russia to circumvent sanctions."
