Bitcoin News Today: Trump's Tariff U-Turn Cools Trade Fears, Sending Crypto and Gold to New Heights

Bitcoin, mining stocks, and gold regained momentum following U.S. President Donald Trump's reversal of his tariff threats against China, which had triggered a sharp market selloff. Bitcoin rebounded above $114,000 after the initial crash, while gold hit an all-time high above $4,120 as investors sought safe-haven assets amid trade tensions The Block^[2]. Mining equities, particularly those with AI integration, surged, with Bitfarms (BITF) and Cipher Mining (CIFR) rising over 16% and 10.8%, respectively, within hours of Trump's clarification Yahoo Finance^[1]. The broader market also saw a recovery, with the S&P 500 gaining over 1.5% in early trading The Block^[2].

The volatility stemmed from Trump's initial announcement of 100% tariffs on Chinese imports, which caused a $19 billion liquidation event in crypto markets and a 13% drop in Bitcoin's price within an hour . However, Trump later softened his stance, stating, "Don't worry about China, it will all be fine," and Treasury Secretary Scott Bessent clarified that the tariffs "don't have to happen" CoinTelegraph^[3]. This reversal eased fears of a trade war, stabilizing risk assets. Gold, in particular, benefited from the uncertainty, with technical analysts noting its role as a hedge against geopolitical risks Aawsat^[6].

Mining stocks demonstrated resilience, with Hut 8 (HUT) and Marathon Digital (MARA) gaining nearly 8% and 10%, respectively, as traders anticipated reduced regulatory pressures Yahoo Finance^[1]. The sector's rebound followed a 40% weekly gain for Hive Digital (HIVE) and a 31% rise for Bitfarms, underscoring investor confidence in AI-driven operations Yahoo Finance^[1]. Meanwhile, gold's surge highlighted its enduring appeal, with Kevin Rusher of RAAC attributing the move to its status as a "liquidity hedge" in volatile markets The Block^[2].

The U.S.-China trade dynamics also influenced broader market sentiment. China's clarification that its export controls on rare earth minerals were limited in scope helped mitigate fears of an escalation, while the U.S. government shutdown delayed key economic data, adding to uncertainty Aawsat^[6]. Gold's performance, up 53% year-to-date, reflected persistent concerns about inflation and geopolitical instability FinancialContent^[7].

Analysts noted that the market's recovery was bolstered by institutional inflows into Bitcoin and Ethereum ETFs, with BlackRock's IBIT and ETHA leading the charge . Ethereum, which had fallen nearly 11% during the crash, rebounded over 8% to surpass $4,100 Ultima Market Insight^[5]. The cryptocurrency's Q3 2025 gains of 66.55% outperformed Bitcoin's 6.3% rise, driven by institutional adoption and network upgrades .

Despite the rebound, risks remain. Trump's shifting trade rhetoric and potential U.S. government shutdown-related delays in data releases could reignite volatility Aawsat^[6]. However, the market's swift recovery suggests improved resilience, with investors adopting a "buy the dip" mentality .