Cryptocurrency prices plummeted amid rising trade tensions between the US and China. Bitcoin fell 5% to nearly $110,000, while Ethereum dropped by 9.3%. This led to a massive loss of over $150 billion in market value within 24 hours, according to CoinGecko data. The sudden drop is attributed to increased volatility as investors react to global events.
Source: https://www.bloomberg.com/news/articles/2025-10-14/crypto-slump-continues-as-china-hits-back-against-the-us