On Friday, Bitcoin suffered a sharp downturn triggered by renewed tensions between the US and China. The world’s largest cryptocurrency tumbled to $105,000, its most significant drop this quarter, before recouping some ground. This move coincided with new tariff threats from the White House, as President Trump announced plans to increase duties on Chinese exports to 100% and impose restrictions on critical software. This announcement sent shockwaves through financial markets and reignited fears of a trade war reminiscent of 2018. China retaliated by introducing new port fees on US-linked ships, mirroring the US measures set for October 14th. The escalating back-and-forth threatens to disrupt shipping lanes and supply chains already strained by months of political uncertainty.