What caused Bitcoin’s price to peak at $125,375 and then drop to $112,000 between October 6 and October 13, 2025?
Why is this the correct answer?
This is correct because on October 10, 2025, President Trump’s declaration of 100% tariffs on Chinese goods spooked investors around the world. That geopolitical shock prompted a rapid sell‐off in risk assets, including Bitcoin, driving its price down from about $125,375 to near $112,000. Beginners should know that major news events can cause sudden shifts in demand, leading to price retracements and high volatility in cryptocurrency markets.
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