The post Bitcoin Slides Under $108,000 as Trump Targets Tech Exports to China appeared on BitcoinEthereumNews.com. Bitcoin erases nearly all of Tuesday’s gains as the Trump administration reportedly considers a potential escalation in its trade war with China. After Tuesday’s quick rally following Fed governor Christopher Waller’s upbeat comments on crypto, markets fell sharply on Wednesday, Oct. 22, as reports surfaced that the Trump administration may limit a wide range of tech exports to China in response to Beijing’s rare-earth metals restrictions, sending U.S. stocks lower. Bitcoin (BTC) has fallen back to around $108,000, erasing most of its 5% rally from the previous day that briefly pushed prices near $114,000. BTC 24-hour price chart. Source: CoinGecko Ethereum (ETH) also pulled back, down over 5% in 24 hours to about $3,839, while Solana (SOL), BNB, and XRP and other altcoins in the top 10 by market cap are all in the red, down between 1% and 6%. As Glassnode explained in an X post, long-term holder (LTH) supply has declined by another 28,000 BTC since Oct. 15, meaning “LTHs have spent more coins than what was aging into their cohort from short-term holders,” which reflects “excessive net distribution rather than passive maturation.” Meanwhile, QCP Capital analysts say tension headlines “persist but the tone is increasingly mixed, with tariff threats offset by renewed ‘deal’ talk.” In a Wednesday blog update, they also noted that “the only major hard data the Fed will see in the near term is September CPI, which the BLS made a one-off exception to publish on Friday, October 24. All other releases will remain frozen until the shutdown ends.” Big Movers and Liquidations Among the Top 100 crypto assets by market cap, ChainOpera AI (COAI) is the biggest gainer today, up 42%, followed by MemeCore (M), up 5.6% on the day. Meanwhile, today’s biggest losers are ASTER and Mantle (MNT), down 15% and 10%… The post Bitcoin Slides Under $108,000 as Trump Targets Tech Exports to China appeared on BitcoinEthereumNews.com. Bitcoin erases nearly all of Tuesday’s gains as the Trump administration reportedly considers a potential escalation in its trade war with China. After Tuesday’s quick rally following Fed governor Christopher Waller’s upbeat comments on crypto, markets fell sharply on Wednesday, Oct. 22, as reports surfaced that the Trump administration may limit a wide range of tech exports to China in response to Beijing’s rare-earth metals restrictions, sending U.S. stocks lower. Bitcoin (BTC) has fallen back to around $108,000, erasing most of its 5% rally from the previous day that briefly pushed prices near $114,000. BTC 24-hour price chart. Source: CoinGecko Ethereum (ETH) also pulled back, down over 5% in 24 hours to about $3,839, while Solana (SOL), BNB, and XRP and other altcoins in the top 10 by market cap are all in the red, down between 1% and 6%. As Glassnode explained in an X post, long-term holder (LTH) supply has declined by another 28,000 BTC since Oct. 15, meaning “LTHs have spent more coins than what was aging into their cohort from short-term holders,” which reflects “excessive net distribution rather than passive maturation.” Meanwhile, QCP Capital analysts say tension headlines “persist but the tone is increasingly mixed, with tariff threats offset by renewed ‘deal’ talk.” In a Wednesday blog update, they also noted that “the only major hard data the Fed will see in the near term is September CPI, which the BLS made a one-off exception to publish on Friday, October 24. All other releases will remain frozen until the shutdown ends.” Big Movers and Liquidations Among the Top 100 crypto assets by market cap, ChainOpera AI (COAI) is the biggest gainer today, up 42%, followed by MemeCore (M), up 5.6% on the day. Meanwhile, today’s biggest losers are ASTER and Mantle (MNT), down 15% and 10%…