#TrumpTariffs
- The cryptocurrency market experienced a collective decline that included Bitcoin during trading on Thursday, following a strong surge in the past few days.
The value of $BTC had exceeded the $110,000 level in the past few days, supported by the easing of trade tensions between the United States and China.
Yesterday, the United States announced that it reached a trade agreement with China at the conclusion of trade talks in London, and it was agreed to restore the truce and ease export restrictions.
This news helped improve investor appetite for high-risk assets, which drove cryptocurrencies to rise strongly.
However, they fell again today due to profit-taking and corrections, and a strong upward wave is expected soon.
