Bitcoin falls below $106,000 to lowest level since June

Market Overview - Bitcoin fell to its lowest level since June, reaching $103,745.88 before recovering slightly to around $105,950 [1] - The cryptocurrency hit a record high of $126,000 on October 6, but has since declined over 6.5% in the past week [1] Impact of External Factors - The drop in Bitcoin's value was influenced by President Donald Trump's threat of 100% tariffs on certain Chinese imports, leading to a "mini crash" with $19 billion in liquidated positions [2] - The proposed tariff rate was described by Trump as potentially unsustainable, indicating market volatility [2] Broader Cryptocurrency Market Trends - Ethereum, the second largest cryptocurrency, experienced a decline of about 6%, while Binance Coin, the fourth largest, fell nearly 9.5% in the last 24 hours [3] - The overall cryptocurrency market has seen a decline of over $600 billion within a week, reflecting significant market downturns [3]