BTC, ETH, XRP Tumble On Trump Tariff Worries As Silver Soars

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Bitcoin (BTC), Ethereum (ETH), and XRP continued to fall on Tuesday as renewed tensions between the US and China exacerbated market jitters, sending silver soaring to a record high.

Beijing announced sanctions on the American units of the South Korean shipbuilder Hanwha Ocean, and warned of further measures against the maritime sector, leading to escalating tensions between the world’s two largest economies and frustrating hopes for a thaw in the near term.

Global stocks fell, and the fallout extended to digital assets, triggering another wave of liquidations that pushed major tokens to multi-week lows.

( @RealDonaldTrump – Truth social sharing)
(Donald J. Trump – October 12, 2025, 12:43 PM ET)

Don’t worry about China, everything will be fine! The highly respected President Xi has had a bad moment. He doesn’t want his country to suffer a depression, and neither do I. The United States wants to help… pic.twitter.com/30ot0cICw4

– Donald J. Trump fan 🇺🇸 Truth Posts (@TruthTrumpPosts) October 12, 2025

Cryptocurrency prices are falling with no solution in sight

US Treasury Secretary Scott Besent said talks with China are still ongoing, but uncertainty has left a dark cloud hanging over the cryptocurrency market.

After taking a break from the recent downtrend, cryptocurrency prices have continued to decline over the past 24 hours.

Bitcoin and Ethereum fell more than 3% and 4%, respectively, according to data from CoinMarketCap. The price of Ethereum is now down more than 15% in the past seven days and BTC is down more than 10%.

Top 10 cryptocurrencies by market cap (Source:CoinMarketCap)

The rest of the top 10 currencies by market cap also declined. The price of BNB, which recently hit a new all-time high (ATH), fell 10%, representing the biggest loss in the top 10 list.

Ripple (XRP) and Solana (SOL) fell by 6% and 1%, respectively, while Dogecoin (DOGE), Tron (TRX), and Cardano (ADA) fell by 5%, 3%, and 6%, respectively. HeyOverall, the market capitalization of cryptocurrencies declined by more than 3%.

The Cryptocurrency Fear and Greed Index, a popular tool used to measure investor sentiment, fell to a “Fear” reading of 38 from a “Greed” level of 70 just one week ago.

Cryptocurrency Fear and Greed Index (Source: Alternative.mi)

Queen Glass Data indicates that liquidations in the cryptocurrency market exceeded $694.81 million over the past 24 hours, with long positions accounting for $511.80 million of the total. Some short traders took a hit as well, with $195.31 million in trades that went against the market liquidated.

The price of silver reaches a record high, along with gold

The search for safe-haven investments sent the price of silver to a record high of $53 per ounce, taking its gains for the year to more than 85%.

Silver is often seen as an alternative to gold, which also rose to an all-time high earlier today.

Commenting on the performance of the gold, silver and cryptocurrency market, Bitcoin critic Peter Schiff warned that “cryptocurrency buyers are in for a rude awakening.” He also said that cryptocurrency investors would learn a “very valuable but costly lesson.”

Gold and silver continue to melt as Bitcoin and Ether continue to melt. Cryptocurrency buyers are facing a harsh awakening and will soon learn a very valuable but expensive lesson. Fortunately, most cryptocurrency owners are young and have plenty of time to recover what they are about to lose.

– Peter Schiff (@PeterSchiff) October 14, 2025

This is after he said that the sudden collapse that Bitcoin witnessed last Friday “was not a buying opportunity but a warning.” He added that gold’s continued rise “exposes the illusion that bitcoin is digital gold.”

Meanwhile, famous analyst Michael Pope He said He called Bitcoin’s recent correction “nothing special” and predicted that “volatility will remain high before there is a clear new trend.”

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