13 October 2025,03:26
Daily Market Analysis
13 October 2025, 03:26
*Bitcoin and Ethereum lead a sharp weekend selloff amid tariff escalation
*U.S. announces new tariffs on Chinese tech imports; Beijing vows retaliation
*Over $7 billion in leveraged positions liquidated in 24 hours
Market Summary:
The cryptocurrency market was rocked over the weekend, suffering one of its sharpest single-day drops in recent memory as escalating U.S.–China trade tensions triggered a global risk-off wave. The selloff erased billions in market capitalization, sending shockwaves across digital asset markets.
The downturn came after the U.S. government announced new tariffs on Chinese technology imports, a move that rattled investors and deepened geopolitical uncertainty. Risk appetite had already deteriorated last Friday after President Donald Trump vowed to impose 100% tariffs on Chinese rare earth exports, effective November 1. Beijing condemned the move as “provocative and damaging,” accusing Washington of undermining trade talks and harming China’s economic interests.
Rare earth elements remain a major sticking point in bilateral negotiations, given their importance in producing smartphones, electric vehicles, military equipment, and renewable energy technology. The renewed trade confrontation intensified selling pressure across global markets, with cryptocurrencies taking the hardest hit.
Bitcoin (BTC) and Ethereum (ETH) tumbled sharply, while smaller altcoins and meme tokens faced even deeper losses. More than $7 billion in leveraged long positions were liquidated as prices plunged, marking one of the largest liquidation events this year. Despite the heavy losses, BTC/USD later found support near the key 100,000 psychological level, rebounding modestly as bargain hunters stepped in.
Looking ahead, traders will closely watch for signs of progress in potential U.S.–China trade negotiations, which could dictate broader market sentiment and near-term direction for crypto assets.
Technical Analysis
BTC/USD has rebounded after testing the key psychological level of 100,000, consolidating around the 23.6% Fibonacci expansion level at 115,185.00. A sustained breakout above this level could reinforce bullish momentum and push prices toward 118,965.00.
Failure to break higher may trigger another retracement toward 109,075.00 or 107,215.00. The MACD remains positive but signals slowing momentum, while the RSI hovers near neutral — suggesting potential consolidation before the next move.
Resistance Levels: 115,185.00, 118,965.00
Support Levels: 109,075.00, 107,215.00
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
