Cryptocurrency and stock markets have entered a new phase of the trade war, spurred by escalating tensions between the United States and China. Recent tariffs announced by the White House have raised concerns about global trade disruption, prompting adjustments in asset prices across various sectors. Aurelie Barthere, principal research analyst at crypto intelligence platform Nansen, highlights this shift, stating that we are witnessing a new phase of the trade war focused on high-value technologies and pharmaceuticals, specifically targeting US-China relations. Barthere predicts continued correlation between US equities and cryptocurrencies, anticipating a market correction before recovery. Further analysis from Bitfinex indicates that markets remain uncertain, particularly in light of the upcoming Fed meeting where Chair Powell’s pronouncements will likely shape the trajectory of risk assets like Bitcoin.