Bitcoin Slides as U.S.–China Trade Tensions Heat Up

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CoinGape Newsletter
October 10, 2025

U.S. President Donald Trump sparked panic in the crypto market after threatening to massively increase tariffs on China. This led to a sharp drop in Bitcoin, which fell below the $120,000 support level following the president’s threat.

A group of major world banks is working on a new stablecoin tied to G7 currencies. The plan is one of the biggest endeavors that traditional financial institutions have conducted to delve into blockchain-based assets.

The Cardano price has drawn renewed attention as recent technical patterns and network updates converge to signal a potential turning point. The ADA price has displayed steady compression within a narrowing structure, suggesting that a decisive move could soon emerge. Meanwhile, the release of Hydra 1.0 has amplified bullish sentiment around Cardano’s long-term growth narrative.

XRP price has continued to underperform the crypto market this month. It has sunk into a bear market after falling by 22% from its highest point this year. Still, the Ripple price has some major catalysts that may lead to a Zcash-like surge.