Bitcoin and Crypto Markets Tumble - These Altcoins Emerge as Safe Havens
As major cryptocurrencies face a brutal sell-off, select altcoins are demonstrating remarkable resilience amid the chaos.
The Great Rotation Begins
While Bitcoin and Ethereum take significant hits, several alternative digital assets are attracting capital fleeing the bleeding majors. These tokens aren't just surviving - they're thriving when others falter.
Defensive Positioning Pays Off
Smart money rotates toward projects with strong fundamentals and real-world utility. The usual suspects - meme coins and vaporware projects - get crushed while serious blockchain solutions hold their ground.
Market Darwinism in Action
This isn't your typical correlation play. The divergence between quality projects and speculative garbage has never been clearer. Some altcoins are actually posting gains while the broader market bleeds red.
Just another day in crypto - where the 'safe' assets crash hardest and the 'risky' ones become the lifeboats. Wall Street analysts are probably still trying to figure out how to short oxygen.
Responding to Washington — while leaving room for talks
MOFCOM also addressed President Donald Trump's comments from Oct. 10 on Truth Social about an additional 100% tariff on Chinese imports (becoming effective Nov. 1, 2025) and prospective U.S. export controls on “critical software.”
The spokesperson called the American position a “double standard,” pointing to the breadth of U.S. control lists and de minimis rules as examples of Washington’s expansive approach.
At the same time, the ministry emphasized process, saying China “does not want” a trade war but “is not afraid” of one, and urging a return to established consultation channels to manage differences on a reciprocal basis. The spokesperson said China WOULD take “resolute measures” to protect its interests if the U.S. proceeds.
Separate comments criticized U.S. port fees due to take effect Oct. 14 on certain Chinese-linked vessels.
MOFCOM described those fees as unilateral and inconsistent with WTO rules and bilateral agreements. China, the ministry said, will levy special port fees on U.S.-linked vessels under domestic regulations — characterizing the step as a defensive countermeasure aimed at safeguarding the rights of Chinese companies and maintaining fair competition in shipping.
As of Sunday, 9:15 a.m. UTC, according to CoinDesk Data, Bitcoin traded around $111,271, down 0.5% in the past 24 hours and 10% from Thursday’s Oct. 9 intraday high of $123,641. The Crypto Fear & Greed Index read 24 — "Extreme Fear" — versus "Greed" a week ago, underscoring fragile sentiment.
