Crypto Market Suffers as Trump-China Tensions Trigger Slide

The cryptocurrency market experienced a significant downturn on Tuesday, with Bitcoin (BTC), Ethereum (ETH), and XRP dropping in response to escalating tensions between the US and China. Renewed sanctions on American businesses by Beijing sent shockwaves through global markets, causing equities to decline. This uncertainty further fueled a sell-off in digital assets, triggering another wave of liquidations that pushed major cryptocurrencies to multi-week lows.