#MarketPullback

🔥Bitcoin and cryptocurrency markets are collapsing as Trump continues his tariff rhetoric with China🔥

📢President Donald Trump stated that China violated the trade agreement with the U.S.

👉Trump shared on Truth Social that the 145% tariffs imposed on China are extremely damaging and put them in “serious economic danger.” He said that the impact on China led him to make a “quick deal” to avoid civil unrest in the country, which quickly stabilized the Chinese economy.

💣"The bad news is that China, although perhaps not surprising to some, HAS COMPLETELY VIOLATED OUR AGREEMENT. Goodbye to their nice guy attitude!", wrote Trump.

👉Following President Trump's post, speculation that the United States is planning broader technological sanctions against China dealt another blow to risk sentiment, according to Bloomberg.

👉This triggered wider shocks across all crypto assets, and Bitcoin fell below USD 105,000 for the first time since May 20, down 1% on the day and 3.7% down over the week. Similarly, the major altcoins Ethereum, XRP, and Solana also dropped by 4%, 4.8%, and 5.8% respectively in the last 24 hours.

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