Bitcoin
Bitcoin Drops Below $112,000 Following Announcement of 100% US Tariffs on China
A sudden risk-off wave triggered by new U.S. trade tariffs sent Bitcoin down more than 7% in its steepest single-day decline of 2025.
Bitcoin fell sharply from above $120,000 to an intraday low near $111,350 late Friday, dropping more than 7% in 24 hours. The sell-off, described as the asset's steepest one-day correction in 2025, followed President Trump's announcement of a 100% tariff on Chinese goods set to take effect on November 1. The news sparked widespread risk aversion across global markets over concerns regarding supply chains and economic stability.
Technical charts show BTC breaching support at $118,600 and sliding through its 50-day simple moving average near $114,500. The decline formed a large red engulfing candle that brought the price close to key support around $110,000, with the 200-day simple moving average near $106,600 and the $100,000 level serving as lower support markers.
The broader crypto market lost over 10%, shedding more than $400 billion as total market capitalization fell from approximately $4.1 trillion to near $3.6 trillion before stabilizing. Major altcoins experienced heavy losses, with Ethereum falling below $4,000, double-digit drops across BNB, SOL, and XRP, and reversals in recent gainers such as ZEC and TAO amid negative funding rates and leveraged liquidations.
These two are not the same thing, and one does not produce the other. The left is how this single article reads, from its tone alone. The right is the site’s own call on the asset, from indicators and analysis. Press tone feeds no score and no signal: on the only corpus this site has measured, daily tone tracked the move that had already happened and showed no measurable link with what followed.
More on Bitcoin All pieces →
- Neutral Sei Gains 38% Over the Week as Price Reclaims Key Support Level
- Neutral US Spot Bitcoin ETF Inflows Ease to $191 Million as Six-Day Total Tops $2.8 Billion
- Sell Litecoin Surpasses $60 Resistance Level Following 29% Weekly Advance
- Neutral German Basic Income Rules Require Strict Asset Allowances for Crypto Holdings
Rewritten from the headline, the teaser and the one-line summary the qualification step produced — that is all the material there is, and nothing is added to it. The source link is kept on file so any item can be checked, and is not published here.
