How did US tariffs announced on October 10 2025 affect Bitcoin price?
Why is this the correct answer?
This is correct because on October 10, 2025, President Trump’s announcement of new U.S. tariffs on Chinese goods spooked many Bitcoin investors. As traders feared a broader economic fallout, selling pressure mounted quickly. Within hours, Bitcoin’s price fell from roughly $117,000 to below $110,000, reflecting a 10 percent decline. For beginners, this shows how geopolitical events and trade policy can directly affect crypto prices through shifts in market sentiment and risk appetite.
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