#BTCvsMarkets

Bitcoin began to rise slightly in price after China responded to the tariffs announced the day before by U.S. President Donald Trump.

According to CNBC, citing Coin Metrics, on April 4, the price of the flagship cryptocurrency increased by 1.7% to $83,396.89. Most flagship cryptocurrencies also demonstrated growth: XRP and Solana each rose by 3%, while dogecoin rose by 6%.

However, cryptocurrency-related stocks fell again: Coinbase dropped by about 8%, and MicroStrategy by more than 1%. Meanwhile, the spot price of gold fell by 2.6% to $3,038.50 per ounce, and futures for American gold dropped by 2.9% to $3,020.79.

Investors were disappointed after the Chinese Ministry of Commerce announced on April 4 that the country would impose a 34% tariff on all American goods in response to tariffs on Chinese goods. "Tariffs affect the cost for American manufacturers, where inflation and rising prices make everything more expensive, which is likely to stimulate the influx of capital and investment into Asia," said James Davis, CEO of the cryptocurrency trading platform Crypto Valley Exchange.