Source: CoinDesk
“Bitcoin fell below $112,000 during trading Tuesday afternoon Hong Kong time as China’s retaliatory trade measures sent a fresh wave of risk-off sentiment across global markets. Bloomberg reported earlier Tuesday that China sanctioned U.S. units of South Korean shipbuilder Hanwha Ocean in a move that reignited fears that the trade conflict with Washington could spiral, just days after both sides signaled restraint. … Stocks in Asia tumbled, equity futures in the U.S. and Europe followed, and crypto traders were again forced to de-risk after a brief weekend bounce. … Crypto again tracked risk. Bitcoin fell 3% to $111,869, Ethereum dropped 4% to around $4,000, and BNB slid more than 10% after outperforming last week. XRP, Solana, and Dogecoin all fell between 5% and 6% in the past 24 hours.” (10/14/25)