Question #91 ·
What caused Bitcoin’s price to peak at $125,375 and then drop to $112,000 between October 6 and October 13, 2025?
- Trump’s tariff announcement on Chinese imports triggered panic selling and price retracement Right answer
- Bitcoin’s halving event in October directly caused sudden selloff and price decrease
- Low crypto adoption rates in Europe led to selloff and price decline
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.