
The resurgence of U.S.-China trade tensions in October 2025 led to significant market volatility. Major U.S. stock indexes saw sharp declines while Bitcoin's price dropped over $8,000 from its daily high. Financial metrics like Treasury yields and gold prices also reacted accordingly.

On October 10, 2025, the cryptocurrency market faced a significant flash crash triggered by U.S. President Trump's announcement of a 100% tariff on China. Bitcoin and many altcoins suffered considerable losses, with over $7 billion in liquidations. This event echoed the volatility seen during the March 2020 pandemic crash and signals potential future instability if trade tensions persist.