Bitcoin Falls Below $112,000 Amid China’s Tariff Retaliation

Crypto markets saw sharp declines as Bitcoin slid under $112,000 and Ethereum, Dogecoin dropped 6% following China’s response to U.S. tariffs.

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Terms & Concepts
  • Bitcoin: A decentralized digital currency operating on a peer-to-peer network without a central authority, widely used for investment and payments.
  • Ethereum: A blockchain platform known for its smart contract functionality, enabling decentralized applications beyond simple currency transfers.
  • Dogecoin: A cryptocurrency initially created as a meme token, later gaining popularity for low-cost transactions and community-driven development.