Crypto News Today, October 16: Last Week’s Bitcoin Price Prediction Came True, Another Pain Came | Trump Announcement to Revive Crypto?

Today highlights Bitcoin and crypto price dips following Trump news on trade policies. Our prediction warned of Bitcoin price volatility last week, and it hit the mark as markets reacted to US and China tensions. Crypto bros are now watching, monitoring, and hoping for Trump 3pm speech for clues on easing pressures. Donald Trump said …

Today highlights Bitcoin and crypto price dips following Trump news on trade policies. Our prediction warned of Bitcoin price volatility last week, and it hit the mark as markets reacted to US and China tensions. Crypto bros are now watching, monitoring, and hoping for Trump 3pm speech for clues on easing pressures.

Most news outlets underscore that crypto markets often whisper before they scream, and the market is whispering today.






Bitcoin

Bitcoin





0.97%








Bitcoin

Bitcoin
BTC


Price

$109,945.24

0.97% /24h





Volume in 24h


$59.32B



Price 7d



Buy with Best Wallet


is still trading above $100K at $110K as of this morning.

(source – Crypto Ranking Table, CoinGecko)

The current drop aligns with recent headlines: Trump’s revived trade war posture with Xi Jinping spooked markets, and Bitcoin price slipped beneath recent support, wiping out accumulated gains. The correction mirrors last week’s Bitcoin price prediction, which foresaw volatility amid geopolitical back-and-forth.

Market Cap





DISCOVER: 16+ New and Upcoming Binance Listings in 2025

Market Reaction and Bitcoin Price Prediction Unfolding

One of our Bitcoin prediction takes had warned of a price pullback in a stressed scenario, and we now got exactly what we bargained for. The recent drops liquidated billions in leveraged positions, contributing to crypto pain. Yet in overnight trade, we saw stabilizing attempts, with BTC clawing back around the $111,000 mark.

Looking forward, Bitcoin price still holds upside potential, with many crypto bettors coming with the same prediction of a rally toward $130,000 by Q4. But beware, it’s not going to be a straight vertical line, expect sharp swings up and down. In bullish scenarios, some analysts even flirt with $1,000,000 before 2026.

(source – X)

DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025

Trump Announcements in The News Today, Crypto Altcoins, and Ethereum Season

Trump upcoming speech could be the spark that reignites crypto sentiment. If his address softens tariffs or hints at framing the US as a blockchain leader, we may see capital re-enter the space. His past pro-crypto leanings feed that optimism, and especially today, with rumors of 2-3 more rate cuts this year.

On the altcoin front, the BNB ecosystem is getting attention. As reported by CNBC, chatter that the Trump family eyed a stake in Binance’s US arm had previously catalyzed BNB’s upside.

Now, utility plays like






Aster

Aster





11.10%








Aster

Aster
ASTER


Price

$1.23

11.10% /24h





Volume in 24h


$647.03M



Price 7d



Buy with Best Wallet


could benefit once the next leg kicks. Meanwhile, “Ethereum season” talk is creeping back into conversations with






Ethereum

Ethereum





2.46%








Ethereum

Ethereum
ETH


Price

$3,996.91

2.46% /24h





Volume in 24h


$35.52B



Price 7d



Buy with Best Wallet


outpacing






Bitcoin

Bitcoin





0.97%








Bitcoin

Bitcoin
BTC


Price

$109,945.24

0.97% /24h





Volume in 24h


$59.32B



Price 7d



Buy with Best Wallet


in recent stretches, and in a rising-rate or inflationary shock scenario, DeFi demand might favor Ethereum’s ecosystem.

Despite the short-term pain triggered by the US-China escalation, the trajectory for crypto remains bullish, and a few rallies could start anytime.

Today, our Bitcoin price prediction came to fruition, and the count of volatility is still valid. If Trump’s speech later leans favorable, we could see a slight pump. If he doubles down on tariffs, expect further turbulence. But bulls are still in play. The next leg up is coming one way or another.

(source – X)

DISCOVER: 9+ Best Memecoin to Buy in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

1 hour ago

Experts Make Shocking Claim That Quantum Computing Can Destroy Bitcoin in 2 Years

Akiyama Felix

By Akiyama Felix

Quantum computing could break Bitcoin’s encryption and send the digital asset to zero far sooner than many people believe, according to Capriole Investments founder Charles Edwards.

Speaking at TOKEN2049 earlier this month, Edwards shocked crypto enthusiasts by stating that he believes Bitcoin is under a huge threat from quantum computing, and that developers have a limited amount of time to address quantum concerns.

Bitcoin






Bitcoin

Bitcoin





0.97%








Bitcoin

Bitcoin
BTC


Price

$109,945.24

0.97% /24h





Volume in 24h


$59.32B



Price 7d



Learn more


is down -1.1% today, slipping to $111k as ongoing trade tensions between the US and China continue to destabilize the market.

Read the original piece here.

The post Crypto News Today, October 16: Last Week’s Bitcoin Price Prediction Came True, Another Pain Came | Trump Announcement to Revive Crypto? appeared first on 99Bitcoins.

Ethan Wallwork

Ethan Wallwork

Ethan Wallwork is a technology journalist turned crypto enthusiast who covers the intersection of blockchain, AI, and global finance. With a background in data analytics, he specializes in uncovering patterns in market behavior and forecasting trends in digital asset adoption. Ethan’s articles often highlight how African startups are leveraging blockchain for real-world impact.