📰 Market Update: Crypto Takes a Hit Amid Global Trade Tensions
The crypto market is under pressure today as U.S. tariffs on Chinese imports have sparked a wave of risk-off sentiment across global markets. Investors are reacting strongly to the latest trade policy shifts, leading to sharp sell-offs in both equities and digital assets.
🚨 Bitcoin Drops Below $115,000
In the past 24 hours, Bitcoin slipped below the crucial $115K mark, a level that had acted as strong support in recent weeks. The move triggered a wave of panic selling and resulted in over $150 million in leveraged long positions being liquidated.
📉 Altcoins Follow Suit
Altcoins didn’t escape the storm, with many experiencing 5–10% declines across the board. Ethereum, Solana, and others saw steep dips, while volatility spiked on most major trading platforms.
💡 What’s Driving the Drop?
Escalating U.S.–China trade tensions
Uncertainty over future interest rate decisions
High leverage in futures markets creating cascading liquidations
🔍 Looking Ahead
While short-term fear dominates, long-term investors remain cautious but optimistic. Analysts are watching key support levels and ETF outflows closely for signs of a rebound or deeper correction.
Stay alert, trade smart, and remember: In crypto, volatility is part of the game.
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