Sino-U.S. Trade War Fuels Crypto Volatility

Escalating Sino-U.S. trade tensions, marked by aggressive tariff hikes and rare-earth export controls, have significantly impacted global financial markets. This volatility has been particularly evident in the crypto sector, with major currencies like Bitcoin and Ethereum experiencing sharp declines. 2023’s market dynamics reflect a trend that mirrors prior U.S.-China trade disputes, highlighting the geopolitical influence on digital asset markets.