#USChinaTensions Today, April 21, 2025, US-China tensions are significantly impacting global markets, particularly the cryptocurrency and precious metals sectors. Escalating trade rhetoric and actions, including increased tariffs imposed by the Trump administration on Chinese goods (now at 145%) and retaliatory tariffs by China on US goods (at 125%), are creating considerable uncertainty.
This tension, coupled with concerns about the independence of the US Federal Reserve, has led to a weakening US dollar. Consequently, safe-haven assets like gold have surged to record highs, reaching $3,382 per ounce. Bitcoin has also rebounded, reaching levels not seen since previous tariff declarations, currently exceeding $87,600, as investors seek alternative assets amidst the volatility. 📈
China has warned other nations against making trade deals with the US at its expense, indicating a firm stance against what it perceives as protectionist measures. The ongoing trade conflict disrupts global supply chains and forces businesses to reassess their strategies in response to higher costs and market instability. $BTC
