Bitcon Weakens, US Trade War Triggers New Pressure On Crypto Market

Bitcoin illustration (photo: Pexels)

JAKARTA - The price of Bitcoin (BTC) is again under pressure after trade tensions between the United States and China peaked. According to CoinMarketCap on Thursday, October 16, the price of BTC is at the level of 111,430 US dollars (Rp1.84 billion), down 0.57% in the last 24 hours.

In a week, BTC moved wildly between the lowest level of 107,318 US dollars (Rp1.77 billion) and the highest of 123,535 US dollars (Rp2.04 billion). Tokocrypto analyst, Fyqieh Fachrur, assessed that this movement reflects high volatility after black Friday' which was triggered by the issue of inter-state tariff wars.

US President Donald Trump even emphasized that the US is currently "actively involved in a trade war with China". According to Fyqieh, it was the geopolitical tension that made investors tend to switch to safer assets.

"As long as China's US relations are still shaky, cryptocurrencies will find it difficult to recover because risky assets like this usually only strengthen when global conditions stabilize," Fyqieh said in a statement.

Fyqieh assesses that market conditions are currently still in the "badai" phase triggered by macroeconomic external factors. Because of its order, every bear market phase of the crypto has its own trigger.

"In 2018 -2019 there was a Bitcoin ban in China, in 2022 we faced an increase in the Fed's interest rate, and now in 2025 the trigger is the US trade war China. This is an unavoidable phase, but in the end recovery is always followed," he said.

He added that the recent high volatility reflects investor's short-term concerns over the uncertainty of global trade policy.

Fyqieh predicts, if the tariff tension continues, the crypto market will remain choppy with wild price movements. However, if in the next few weeks there are positive signals such as trade agreements or tariff delays, this storm could begin to subside.