#USChinaTensions
📉 U.S.-China Trade Tensions Stir Crypto Market Volatility
The U.S. has imposed tariffs up to 145% on Chinese imports, prompting China to retaliate with 125% tariffs on U.S. goods. This escalation has unsettled global markets, including cryptocurrencies. Bitcoin experienced a sharp decline, dropping from $64,000 to $60,000 within the first hour of the tariff announcement. euronews+4Reuters+4Reuters+4Blockchain News
As traditional markets face uncertainty, some investors are turning to crypto as a hedge against geopolitical risks. However, the crypto market remains sensitive to macroeconomic developments. Cointelegraph
🔍 Stay informed and trade wisely. Monitor market trends and consider diversification to navigate these turbulent times.
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