China’s Trade War Triggers Cryptocurrency Drop: Bitcoin Falls 2% Amidst Market Uncertainty

Cryptocurrency markets experienced significant volatility in recent days, with investor sentiment shifting as tensions between the US and China escalate. The latest escalation of the trade war has led to higher tariffs on Chinese imports from the U.S., impacting markets globally. While Bitcoin has seen a notable decline over 2%, the broader crypto market witnessed a drop of 3.75%. This follows similar declines in stock market indices like the Nasdaq 100 and S&P 500, as investors have pulled back from risky assets amid heightened geopolitical risks.