Bitcoin Plunges Amidst Trade War Concerns: $19 Billion Liquidated in Market Slump

The crypto market is facing a downturn today, fueled by escalating trade tensions between the US and China. This volatility has triggered significant capital outflows from digital asset markets. Bitcoin leads the decline, with its price plummeting 8.1% over the past 24 hours, while other major cryptos such as Ethereum and Solana also experience significant losses. This latest market turmoil underscores the influence of macroeconomic factors on short-term crypto prices and sheds light on the evolving dynamics of the bitcoin price narrative.