President Donald $TRUMP drew attention away from the US-China trade deal, highlighting America's crypto dominance over China.

In line with President Donald Trump's vision of turning the US into a crypto capital, he has emphasized the country's dominance over China in digital assets. Amid tensions over the US-China trade deal, Trump claimed, "We're leading China in crypto."

Notably, this critical statement comes amid growing efforts by the United States to establish Bitcoin as a national reserve.

The revelation takes the US-China rivalry to a new level, with the focus shifting from trade wars to crypto hegemony.

Donald Trump says the US is gaining a crypto lead over China.

The U.S. reportedly has about 198,012 BTC ($20.56 billion), which has been obtained primarily through seizures related to cybercrime and enforcement actions. China follows closely, with a total of about 190,000 BTC worth about $19.7 billion.

Crypto commentator Altcoin Gordon was among the first to report Donald Trump's criticism of US crypto dominance over China.

It is worth noting that the United States and China are approaching the dominance of Bitcoin in different ways.

While the U.S. through strategic acquisitions and takeovers, China gains control over basic tech infrastructure.

Shift focus from trade deal to crypto dominance.

Notably, for the past few weeks, all eyes have been on the US-China trade war. The escalating tension between the two countries has affected the crypto market to a great extent.

Although the market experienced a major correction after Trump announced the tariffs, crypto prices have recovered recently with the easing plan.

Now, anxiety is focused on another major concern that aligns with Donald Trump's vision of "cryptocapital." With the country's existing crypto holdings, the government is planning to adopt a bitcoin reserve. Meanwhile, China is also actively exploring the possibility of adopting $BTC reserves.

How did the crypto market react to Donald Trump's revelation?

The crypto market has been experiencing a wild ride over the past week, with key tokens experiencing extreme volatility.

In addition to the growing anxiety surrounding the US-China trade deal, the US-UK deal has also contributed to the recent movement of the crypto market.

Despite its significant correction yesterday, the market reached $3.34 trillion today. Following Trump's statement on US dominance in crypto holdings over China, the crypto market saw a modest 0.7% gain.

#BTC #TrumpCrypto #china #MarketSentimentToday #Market_Update