Bitcoin Dropping Sharply Amid Renewed US-China Tariff Tensions
The crypto market, often a bellwether for investor sentiment towards risk assets, recently saw Bitcoin dropping sharply, shedding thousands of dollars in a swift downturn. This wasn't a random market fluctuation; it was a direct reaction to rekindled global trade tensions, particularly between the United States and China. When political rhetoric heats up and economic policy shifts, even the most resilient digital assets feel the ripple effect. Let's break down what caused this sudden plunge and what it means for your crypto portfolio....