Crypto Market Plummets Amidst Uncertainty: Trump’s Trade War Rhetoric Sparks Volatility

Bitcoin is experiencing a downturn, with prices declining by 8% over the past week and other cryptocurrencies like Dogecoin also suffering losses. This surge in volatility comes amidst geopolitical tensions and market dynamics, contributing to an increasingly complex market landscape. The current instability stems from several factors. Notably, U.S. President Donald Trump confirmed the intensification of the U.S.-China trade war, which further heightened investor concerns. The ensuing fear is reflected in the Fear and Greed Index’s shift towards fear, affecting sentiment across markets.