Crypto News Today: Market Rebounds Strongly After Record Selloff
The cryptocurrency market has experienced a remarkable turnaround following its most significant selloff in history. On October 12, 2025, Bitcoin (BTC) plunged 8.4% to $104,782, triggering a broader market rout that erased $19 billion in value. This sharp decline was sparked by U.S. President Donald Trump’s announcement of a 100% tariff on Chinese tech exports and stringent export controls on critical software. The move, intended as a response to China’s alleged aggressive trade practices, particularly its restrictions on rare earth minerals, sent shockwaves through global financial markets, including cryptocurrencies.
However, by October 13, the market began to stabilize. Bitcoin rebounded over 12% from its weekend lows,…
