The Bitcoin price continued to fall on Friday, sliding as much as 4% to US$103,550, its lowest level since June 2025.
More than $600 billion in total value for the cryptocurrency market has been erased over the past week, according to data compiled by CoinGecko.
Bitcoin hit an all-time high of US$126,251 on October 6, 2025, but liquidations have increased since, sparked by escalating US-China trade tensions that have weighed on nearly all risk assets.
On October 10, crypto investors lost nearly $20 billion after President Donald Trump threatened a 100% tariff on China.
As well, investors withdrew a net $593 million from US-listed Bitcoin and Ether exchange-traded funds on Thursday, Bloomberg reported.
“We are likely to see Bitcoin move more in tandem with other financial markets as it moves closer to becoming a core component of the global financial system,” BOB blockchain co-founder Dom Harz told Cryptonews.