Editor's PiCK
[Market] Bitcoin falls below 110,000 dollars… Decline deepens amid U.S.-China trade tensions
Summary
- It reported that Bitcoin (BTC) fell below 110,000 dollars, recording a decline of 9.83%.
- It stated that major altcoins such as Ethereum (ETH), XRP, and Solana (SOL) also experienced declines of over 10%.
- It said this decline was caused by the rekindling of U.S.-China trade tensions.
Bitcoin (BTC) has fallen below 110,000 dollars.
As of 6:18 a.m. on the 11th, according to CoinMarketCap, Bitcoin is trading at 109,479.58 dollars, down 9.83% from the previous day. On Upbit's KRW market, it is trading at 169,065,000 won, down 4.8% from the previous day.
Besides Bitcoin, major altcoins including Ethereum (ETH) are also showing declines of more than 10%. Ethereum is trading at 3,566.84 dollars, down 17.72% from the previous day according to CoinMarketCap, and XRP is trading at 1.56 dollars, down 18.13% from the previous day. Solana (SOL) is also trading at 179.13 dollars, down 16.04% from the previous day.
This decline occurred as tariff-driven trade tensions between the United States and China reignited. Earlier, U.S. President Donald Trump said, "The United States will impose an additional 100% tariff on top of the tariffs currently borne by China."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)