The cryptocurrency market suffered a significant dip of 4.3% within the last 24 hours, mirroring broader global economic turmoil. The decline coincides with a wave of uncertainty triggered by escalating US-China trade tensions and President Biden’s controversial tariffs. This bearish trend is being driven by growing fear in the investment community as stock markets globally tank. For example, the S&P 500 saw a -1.57% drop, while the EURO STOXX 50 fell by -3.16%, highlighting a widespread shift toward safety-seeking investments. 4.8% in 24 hours for US government bonds is up significantly from earlier this month. The rise in interest rates signals investors are looking to the safety of fixed income investments, potentially driving them away from volatile assets like cryptocurrencies. Notably, while the market fluctuated slightly during this period, Bitcoin saw a notable decrease of over 2.2%, Ethereum followed closely with a 5.6% drop, and other prominent altcoins like XRP, BNB, Solana, TRON, and Dogecoin also experienced significant dips. The bond market’s recent surge is likely to influence the crypto market, potentially driving investors back into traditional securities.