#USChinaTensions Bitcoin is approaching resistance at $90,000.

Tensions between the US and China could have a significant impact on the Bitcoin and other cryptocurrency markets. Here are some ways these tensions could affect the market:

- *Price Volatility*: Political and economic uncertainty due to US-China tensions may lead to significant price volatility in Bitcoin. Investors may seek safe havens like gold or the US dollar, but Bitcoin could also be an alternative.

- *Additional Regulations*: The US and China governments may impose additional regulations on cryptocurrencies to control capital flows or prevent abuse. These regulations could affect the price and adoption of Bitcoin.

- *Increased Demand*: In countries affected by economic sanctions, residents may turn to Bitcoin as a way to preserve their wealth.

- *Psychological Impact*: Investor sentiment can be influenced by news of conflicts, leading to panic selling or excessive buying.

In recent years, China has imposed a ban on crypto trading and crackdowns on Bitcoin mining, significantly impacting the global market. Meanwhile, the US has a significant influence on the cryptocurrency market through monetary policy and regulations ¹.

Currently, the price of Bitcoin is experiencing a significant increase at around $88,318.99 with a change of 4.38% in the last few hours. However, it is important to remember that the cryptocurrency market is highly dynamic and can be influenced by various factors ².