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China: Rare earth export control measures are ‘legitimate’, blames US for rising tension
China’s Commerce Ministry is out with a statement and it doesn’t look like they want a quick deal with the USA:
- China’s rare earth export control measures are “legitimate”
- Rare earth export control measures designed to better safeguard world peace and regional stability
- Rare earth export control measures designed to better fulfill international obligations such as non-proliferation
- Rare earth export control measures mainly target the military applications of medium and heavy rare earth metals and the “current turbulent global situation and frequent military conflicts”
- Rare earth export control measures do not constitute a ban on exports; applications that meet the requirements will be granted licenses
- Prior to the announcement of these measures, China had notified relevant countries and regions through bilateral export control dialogue mechanisms
- China is willing to strengthen dialogue and exchanges on export controls with all countries to better safeguard the security and stability of global industrial and supply chains
- Confident latest rare earth export control measures will have “extremely limited impact” on production and supply chains
- U.S. announcement of 100% tariffs on U.S.-bound Chinese imports represent a classic case of “double standards”
- Since the U.S.-China economic and trade talks in Madrid, the U.S. has continuously introduced a series of new restrictions against China
- It added multiple Chinese entities to its export control entity list and specially designated nationals list
- U.S. has arbitrarily expanded the scope of regulated enterprises through “penetration rules,” affecting thousands of Chinese companies
- Disregarding China’s concerns and goodwill, U.S. has insisted on implementing Section 301 measures targeting China’s maritime, logistics, and shipbuilding industries
- U.S. actions have severely harmed China’s interests and undermined the atmosphere for bilateral economic and trade talks, China firmly opposes them
- Threatening to impose high tariffs at every turn is not the right way to engage with China
- China’s position on tariff wars has been consistent: we do not want to fight, but we are not afraid to fight
- China urges the U.S. to promptly correct its erroneous practices
- We must properly manage difference and uphold the stable, healthy, and sustainable development of China-U.S. economic and trade relations
- Should the U.S. persist in its course, China will resolutely take corresponding measures to safeguard its legitimate rights and interests
- China has implemented export control measures with prudence and moderation
- Any rare earth export applications for civilian use that comply with regulations will be approved, relevant enterprises need not worry
- U.S. decision to impose port fees on relevant Chinese vessels meant China “had no choice but to take countermeasures”
- China’s decision to impose a special port fee on U.S.-related vessels are necessary defensive actions
I don’t like the sound of any of this.
This article was written by Adam Button at investinglive.com.
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China defends rare earth export curbs as ‘legitimate,’ hits back at U.S. tariffs ahead of possible Trump-Xi meeting
The Chinese Ministry of Commerce said the controls, issued Oct. 9, were part of Beijing’s effort to “better safeguard world peace and regional stability.” -
Global week ahead: Three-speed Europe heads to Washington D.C.
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Crypto crash explained: why did crypto go down and which coins stayed strong
Crypto under pressure: who stayed strong, who cracked, and what you can do next
Scope: Bitcoin, Ethereum, BNB, XRP, Solana, Dogecoin
Window: Oct 10 to Oct 12, local time +02:00All six of the biggest coins by market cap faced the same hard moment at 23:00 on Oct 10. Prices dropped across the whole market at once. Think of it as a stress test. When life gets tough, you see true character. This one hour lets us do a clean crypto analysis of strength, weakness, and the rebound.
Quick answer: why did crypto go down
This was a market-wide shock, triggered by a Trump tweet about a renewed tarrif intention on China. The domino started and market orders were triggered, both in the stock market indices and crypto. In events like this, several things often hit together:
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Large sell orders and stop losses trigger more selling.
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High leverage gets liquidated and forces extra selling.
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Bots and algos chase the move and speed it up.
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Traders rush to raise cash at the same time.
The exact mix can change, but the result is the same: a fast crypto crash that hits every chart in the same hour.
Crypto analysis of the crash hour
All six coins made their biggest hourly drop at 23:00 on Oct 10. From the hour’s open down to the low:
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XRP −36.8%
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Dogecoin −31.6%
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BNB −25.7%
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Solana −18.8%
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Ethereum −11.2%
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Bitcoin −4.0%
Every coin bounced after the low. None made a new low in the next day.
The mega caps of crypto: Who stayed strong and who cracked
Bitcoin
Smallest drop and quick recovery inside the hour. It is the calm boat in a storm.Ethereum
Best instant repair. It even closed the crash hour above its own open. Good sign for dip buys when price moves back above that hour’s start.BNB
Big hit in the hour, then steady buying later. It finished the next day slightly higher than the crash close. Quiet strength.XRP and Dogecoin
Huge bounces off the low, but gains did not hold well. These are the weak links in this test unless price climbs and stays above the crash hour’s start.Solana
Strong first pop, then the weakest finish into the next day. Needs to show it can hold recoveries.Two simple lines for every crypto chart
You do not need complex tools. Mark only two levels from the crash hour:
- Crash low – danger line. If price falls under it, the idea is wrong.
- Crash hour start price – repair line. Back above it and holding means the market is moving from panic to recovery.
Things to consider for your crypto portfolio
For beginners and busy investors:
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Keep a base in Bitcoin for stability.
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Add Ethereum on dips that move back above the repair line.
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Consider BNB while it holds recent post-crash levels since it kept gains the best into the next day.
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Treat XRP and Dogecoin as trade ideas, not long holds, until they move and hold above the repair line. Take profits faster and keep sizes smaller.
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Wait on Solana until it can close above the repair line again.
Rebound power snapshot
From the crash low to the best high in the next day:
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XRP ~58.8%, Dogecoin 40.0%, BNB 32.8%, Solana 27.5%, Ethereum 18.1%, Bitcoin 5.0%.
Great for traders, but remember: the best coins are not only those that jump. The best coins jump and hold.
Why this crypto analysis matters
This one hour was a clean lab test for the market. It showed:
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Resilience – Bitcoin and Ethereum handled stress well.
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Late strength – BNB improved during the day after the shock.
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Weak links – XRP and Dogecoin fell the most and failed to hold most gains.
Follow-through risk – Solana bounced hard, then faded.
Final thoughts: a power hour that revealed true crypto character
This one dramatic hour of distress in the crypto market gave us a rare window into the real strength and weakness of the biggest cryptocurrencies: Bitcoin, Ethereum, BNB, XRP, Solana, and Dogecoin. It was like a “power hour” stress test that stripped away the hype and showed which projects can hold their ground when everything falls apart.
If you’re a crypto trader or investor, this kind of analysis helps you think beyond the headlines. After seeing how each coin behaved, you might start rebalancing your portfolio, perhaps keeping a stronger base in Bitcoin and Ethereum, being cautious or reducing exposure to weaker performers such as XRP or Solana, and giving BNB a closer look after its solid rebound despite the hit. That $1,000 level on BNB, in particular, looked like a strong magnet that pulled buyers back in after the flush.
Moments like this don’t come often. When they do, they offer a clear mirror of market psychology and coin resilience. This “hour of truth” didn’t just tell us why crypto went down, it showed us which coins can truly stand back up.
This is not financial advice. Invest and trade crypto at your own risk only. Visit investingLive.com (formerly ForexLive.com) for additional, original views.
This article was written by Itai Levitan at investinglive.com.
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