Trump Just Issued A ‘Very Big’ China Warning As Bitcoin Teeters On The Verge Of A Major $100,000 Price Crash

Bitcoin has suddenly plummeted, diving toward the closely-watched $100,000 per bitcoin level (just as Tesla billionaire Elon Musk issues a stark $38 trillion U.S. bankruptcy warning).

The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto but its rally has stalled in recent months despite U.S. Treasury secretary Scott Bessent sending the market a “signal” last week.

Ahead of the bitcoin price crashing toward $100,000, U.S. president Donald Trump warned China is trying to take on the U.S. as the world’s “capital of crypto.”

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U.S. president Donald Trump has warned that if the U.S. doesn’t dominate the crypto field, then China will, comparing the battle to lead in development of the technology to the artificial intelligence race.

"I don’t want to have somebody else have crypto and have China be number one in the world in crypto," Trump told CBS’s 60 Minutes.

“Because in crypto it’s a kind of an industry where basically you’re going to have number one and you’re not gonna have a number two. And right now we’re number one by a long shot. I want to keep it that way. The same way we're number one with AI, we're number one with crypto."

Trump added that, "China is getting into it very big, right now," perhaps referring to Hong Kong’s plans to ease rules to encourage crypto trading activity in the city.

However, crypto trading and mining remains illegal in mainland China following a 2021 ban.

“Bitcoin’s price has been moving sideways since July this year,” Arthur Azizov, founder of B2 Ventures, said in emailed comments, pointing to the possibility the bitcoin price could recover to beyond its all-time high of $126,000 per bitcoin if macro factors align.

“If, however, bitcoin drops below $100,000 and consolidates under that level, it could decline further into the $96,000-$93,000 range. Still, I see the $100,000 level as a psychologically significant threshold, so much will depend on how the market behaves there. Most likely, the price will once again rebound from this level, just as it did in June 2025. In simple terms, this area represents a strong support zone.”