On April 9, 2025.
President Donald Trump increased tariffs on Chinese imports to 125%, following China’s retaliation by raising tariffs on U.S. goods to 84%. This move escalated trade tensions between the two countries.
Meanwhile, Bitcoin faced a massive one-day liquidation exceeding $500 million, driven by economic uncertainty sparked by the trade war. Bitcoin’s price currently stands at $83,148, marking an 8% increase from the previous close. The surge reflects heightened volatility as investors react to global market shifts.
The day’s trading saw a low of $74,772 and a high matching the current price, underlining the crypto market's sensitivity to geopolitical developments.
