President Trump reignited trade tensions with China, leading to volatility in financial markets and cryptocurrency prices. His decision to reinstate tariffs at a high level, as high as 50%, triggered uncertainty within the crypto market. Despite President Trump’s claims about ongoing negotiations, Chinese Foreign Ministry spokesperson Guo Jiakun denied any such talks, creating further market confusion. This situation has sparked short-term fluctuations in both traditional and cryptocurrency markets. Notably, Bitcoin briefly dropped following China’s denial before stabilizing above $95,000. Experts like Peter Brandt, Chart Analyst & Trader, have expressed concerns about the potential for heightened volatility due to these trade disputes.