Bitcoin tumbled over 8% to $111,542 by midday on October 11, 2025, dragging its market capitalization down to about $2.22 trillion. The sharp decline followed the U.S. imposition of 100% tariffs on Chinese imports, which intensified global risk aversion and triggered selloffs across cryptocurrencies. Analysts said Bitcoin’s slump highlights its growing sensitivity to macroeconomic and geopolitical shocks as investors flee volatile assets.