Question #81 ·
How did US tariffs announced on October 10 2025 affect Bitcoin price?
- They caused a gradual five percent fall over a week, slowly decreasing Bitcoin’s value modestly.
- They triggered a rapid 10% drop from 117,000 to under 110,000 in a single day. Right answer
- They led to a sudden twenty percent surge in Bitcoin price within hours, boosting optimism.
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.