Crypto Market Turmoil After Trump Weighs in on China Tariffs

Cryptocurrency markets are experiencing a significant downturn following comments from former U.S. President Donald Trump. During an interview with Fox Business, Trump admitted that the high tariffs imposed on Chinese goods, reaching up to 145%, were necessary but unsustainable. This admission coincided with renewed volatility in both traditional and crypto markets. Bitcoin prices plummeted below $105,000, while stocks on Wall Street suffered steep intraday losses.