$BTC 📉 Bitcoin's Volatility Amid US-China Trade Tensions
Bitcoin ($BTC ) experienced significant price fluctuations recently, influenced by escalating US-China trade tensions:
Technical Snapshot: BTC's price dropped by over 5%, reaching a low of around $91,200, before rebounding slightly to about $94,000.
Policy Impact: The ongoing legal battle between the SEC and Ripple (XRP) continues to create uncertainty in the crypto market.
ETF Flows: Excluding BlackRock's iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market saw total net outflows of $234.4 million, indicating cautious investor sentiment.
With the Federal Reserve's rate decisions and unresolved US-China tariffs, $BTC remains a high-stakes hedge. Analysts warn of choppy trading but see long-term upside if federal crypto policies solidify. 🚀📊