🚨 Breaking News: Crypto Market Reacts to US-China Trade Tensions – Bitcoin Drops Below $98K 📉
📅 February 5, 2025 – Binance Square
The cryptocurrency market is experiencing high volatility today as Bitcoin (BTC) dips below $98,000, triggered by escalating US-China trade tensions 🌎⚖️. President Donald Trump’s recent 10% tax hike on Chinese imports has led to retaliatory measures from China, sparking uncertainty across global markets.
🔴 Bitcoin Takes a Hit
📉 Bitcoin is down 1% and currently trading at $97,695. Investors are pulling back from risky assets, contributing to the decline.
🟢 Altcoins Show Mixed Reactions
🔹 XRP 🚀 +2.5% to $2.51
🔹 Ethereum 🆙 +5%
Some altcoins are gaining, as traders shift funds within the market rather than exiting entirely.
⚖️ Regulatory Shifts Add to Market Uncertainty
The Trump administration’s evolving crypto policies 🏦💰 are fueling speculation. While increased institutional adoption could be positive long-term, short-term market reactions remain volatile.
📊 What’s Next for Crypto?
Expect continued price swings as global economic policies and regulatory developments unfold. 📢 Stay alert, and trade wisely!
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