US CHINA TRADE WAR FEARS ESCALATE, ALTCOINS CORRECT THE MOST!
US-China trade war fears are escalating, causing uncertainty in global markets. Recent developments include:
Stalled Trade Talks: US Treasury Secretary Scott Bessent stated that trade talks with China have "stalled", contributing to market jitteriness.
Reinstatement of Tariffs: The US Appeal court reinstated Trump's "reciprocal tariffs", further increasing uncertainty.
Impact on Altcoins:
-Price Corrections: Altcoins are experiencing significant corrections, with Ethereum (ETH) dropping 3% and moving under $2,700.
-Other Affected Altcoins:
ADA: 3-5% correction
*SUI*: 3-5% correction
XRP: 3-5% correction
*Dogecoin (DOGE)*: over 8% drop
*Market Sentiment:*
Fear and Uncertainty: The crypto market is gripped by fear and uncertainty, with many investors seeking safer grounds.
-Potential for Capital Flight: Some analysts believe that if China's economic situation deteriorates due to tariffs, there could be a flight of capital into cryptocurrencies .#MarketPullback #TrumpMediaBitcoinTreasury #china #TRUMP $BTC $ETH