Bitcoin Slides Under $108,000 as Trump Targets Tech Exports to China

After Tuesday’s quick rally following Fed governor Christopher Waller’s upbeat comments on crypto, markets fell sharply on Wednesday, Oct. 22, as reports surfaced that the Trump administration may limit a wide range of tech exports to China in response to Beijing’s rare-earth metals restrictions, sending U.S. stocks lower.

Bitcoin (BTC) has fallen back to around $108,000, erasing most of its 5% rally from the previous day that briefly pushed prices near $114,000.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io