Tariff Pressures Weigh on Bitcoin’s Price Performance

Rising trade tensions between the U.S. and China are putting a strain on Bitcoin’s price, impacting both mining operations and market sentiment. Increased tariffs imposed by both nations directly affect the Bitcoin mining industry, increasing operational costs and leading to uncertainty about future growth. Experts suggest these pressures could have a similar impact as China’s 2021 mining ban, which caused a significant price drop in Bitcoin.