Trade Wars Threaten Cryptocurrency Market Stability

US-China trade tensions have shaken up the cryptocurrency market as new tariffs loom. The US recently imposed a staggering 104% tariff on Chinese goods, escalating an already tense trade war. This move has intensified uncertainty in both global markets and the crypto sector. China stands firm with its existing 34% tariff, adding to the complex geopolitical situation. Analysts are watching closely for potential escalation of tariffs, potentially pushing prices towards a recession.