Bitcoin Falls to $114,000 Following New U.S. Tariffs on China

Bitcoin's price fell sharply to below $110,000 after President Trump's announcement of a 100% tariff on Chinese imports, which prompted a broad market sell-off. The tariff increase follows China's new export controls, leading to fears of a global supply chain disruption. Bitcoin had peaked at $126,000 earlier in October before the plunge, but has since stabilized around $113,000. Other cryptocurrencies also experienced significant losses as tensions between the U.S. and China escalated.