Happy Thursday!

Bitcoin is down to around $105,000 and things are clearly not well: here’s all you need to know about this market decline.

Donald Trump tried to save the day today by saying the 100% additional tariffs on China won’t stand — but Bitcoin crashed 5% anyway.

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TOP STORY

Bitcoin Plunges To $105,000: Is This A Black Friday In The Making?

Bitcoin is in a reset phase, with the largest crypto liquidation event in years and weakening ETF inflows prompting bearish sentiment among investors.

BTC hit a new all-time high above $126,000 in early October before reversing sharply due to escalating U.S.–China tariff concerns, causing a historic $19 billion futures deleveraging, one of the largest in crypto history.

Glassnode data shows the reset is characterized by reset leverage, cautious sentiment and reliance on renewed demand for recovery.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are reeling from even more selling and cannot catch a breath: here’s what’s driving the market today.

Shiba Inu has tanked 9% and the worst thing…it might go down another 30%!

Cardano and XRP are not doing any better and are down 7% as well. But at least XRP has some reason to hope for a better future.

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FINTECH FOCUS

Trump Says China Tariffs ‘Won’t Stand’ — But Bitcoin Crashes 5% Anyway

Bitcoin fell below $104,000 on Friday before President Donald Trump said high tariffs on China “will not stand,” easing trade tensions but doing little to stop the market’s decline.

Bitcoin stayed under pressure even after U.S. President Donald Trump said he believes the U.S. will “be fine with China” and answered “no” when asked if high tariffs would stand. 

The remarks briefly eased concerns over renewed trade tensions but had little effect on market sentiment.

Read the full scoop here.

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