🚨 Bitcoin Falls as Trump Threatens ‘Massive’ Tariff Hike on China — Market Reacts to Renewed Trade Tensions

Global markets turned risk-off today after President Donald Trump threatened a “massive increase in tariffs” on Chinese imports — a move that immediately rippled through the crypto market.

📉 According to TradingView data, #Bitcoin dropped below $120,000, sliding from just above $121,000 before the president’s comments.

💬 In a Truth Social post, Trump labeled China as “hostile,” signaling that multiple countermeasures are being considered by the U.S.

The reaction was swift:

🪙 Ethereum fell below $4,200 (–3%)

⚡️ Solana, XRP, and Dogecoin also dropped over 2%

🌍 Broader risk assets declined amid renewed U.S.–China trade tension fears

This development revives memories of the 2018–2019 trade war, when tariff escalations weighed heavily on both traditional and crypto markets.

As geopolitical uncertainty rises again, Bitcoin and altcoins remain sensitive to macro shocks, reminding investors that global policy moves can shape crypto market direction just as much as on-chain metrics.

💡 The key question now: Will Bitcoin’s safe-haven narrative hold up, or will risk aversion drive another correction?

#Crypto #Markets #Trump #China

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