Crypto Market Suffers Volatility Amidst Fed Speak and China’s Retaliatory Duties

The crypto market experienced significant volatility on Friday as a combination of geopolitical events and central bank comments weighed heavily on investor sentiment. Bitcoin, for example, surged to $84,700 but quickly retreated after China announced retaliatory duties against the US. This follows the crypto’s failed attempt to break above the crucial $85,000 mark since