Crypto Market Turns Red After Trump’s China Oil Threat — Bitcoin Rebounds Above $113,000

The cryptocurrency market slipped back into the red after U.S. President Donald Trump threatened to halt imports of cooking oil from China on Sunday.

A single post on Truth Social was enough to wipe billions of dollars from the market capitalization of digital assets within an hour.

Immediate Shock Across the Market Trump’s statement triggered a swift sell-off across major cryptocurrencies.

Bitcoin (BTC) plunged 2.4% to around $112,861, while Ethereum (ETH) dropped 3.3% to roughly $4,108.

The total cryptocurrency market capitalization fell nearly 3% within minutes, reminding investors how sensitive the crypto space remains to political headlines and macroeconomic tensions.

A Fast Rebound After the Drop Unlike last week’s historic liquidation event, this correction proved to be short-lived.

Overnight, the market stabilized, and Bitcoin traded at $113,079.90 at the time of writing, regaining part of its losses.

However, volatility remains elevated, and smaller altcoins continue to experience heavy selling pressure.

U.S.–China Tensions Fuel Volatility The sell-off underscores the market’s fragility amid renewed trade tensions between Washington and Beijing.

Analysts warn that any additional announcement of tariffs or trade restrictions could trigger another wave of selling across Bitcoin and altcoins.

“The crypto market is stretched thin — it reacts to every macro shock and every hint of conflict,” said an analyst at Matrixport.

Traders Await a Clearer Signal from the Fed The combination of geopolitical risk, upcoming Fed rate cuts, and lingering fear from last week’s turbulence has made traders extremely cautious.

While some are using the dip as a buying opportunity, many others prefer to stay in stablecoins until the market regains direction.

Market Snapshot: Bitcoin: $113,079.90Ethereum: $4,120Total Market Cap: –2.9% in 24 hoursKey Trigger: Trump’s threat to halt cooking oil imports from China The crypto market remains jittery and hypersensitive to political rhetoric. And while Bitcoin quickly bounced back from its initial plunge, traders know that one more presidential post could send markets spinning again.

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