Overview

• Bitcoin fell roughly 12% from midweek highs, trading near $110,000 after briefly touching about $105,000, while Ethereum and major altcoins posted double‑digit losses.
• President Donald Trump announced plans for 100% tariffs on Chinese goods starting November 1, and Beijing signaled export controls on rare earths, pressuring risk assets.
• Roughly $9.4 billion in crypto positions were liquidated in 24 hours, which market reports described as a record for the sector.
• Spot bitcoin ETFs recorded about $2.72 billion in net inflows through Thursday, and several public companies highlighted new or expanded bitcoin treasury strategies.
• Policy uncertainty deepened as the BLS postponed the CPI report to October 24 during a partial government shutdown, while Fed official Christopher Waller characterized tariff‑linked inflation as likely temporary.