Bitcoin Under Pressure as U.S.-China Trade War Escalates
Bitcoin remains under pressure, failing to hold above the key $100,000 level. The escalating trade conflict between the U.S. and China is making investors cautious, increasing market volatility.
As of 10:25 AM Moscow time, Bitcoin was trading at $97,400, down 2% on the day, with an intraday low of $97,177.
How Is the Trade War Affecting Bitcoin?
The crypto market is being shaken by new economic measures from both the U.S. and China:
- Washington imposed 10% tariffs on Chinese imports, citing national security concerns.
- Beijing retaliated with tariffs on U.S. LNG, coal, oil, and agricultural equipment.
- Additionally, China launched an antitrust investigation against Google, further increasing tensions.
These developments have heightened uncertainty among investors. Gold prices have hit record highs, as investors shift toward safer assets.
U.S. Crypto Regulations: Loosening or More Risks?
Reports indicate that the Trump administration is easing crypto regulations.
- The SEC is downsizing its crypto enforcement division, reassigning lawyers to other departments.
- While this could be bullish for Bitcoin, macroeconomic concerns currently overshadow any regulatory relief.
Altcoins: A Market in Holding Mode
Most alternative cryptocurrencies are trading in narrow ranges, reflecting cautious sentiment.
- Ethereum (ETH) rose 0.5% to $2,741.53.
- XRP fell 1.1% to $2.4957.
- Solana (SOL) dropped 0.7%, Polygon (MATIC) remained unchanged, and Cardano (ADA) fell 0.3%.
- Dogecoin (DOGE) saw almost no change.
What’s Next?
As long as U.S.-China trade tensions persist, Bitcoin and the broader crypto market will remain under pressure. Investors are watching how the situation unfolds, as well as potential regulatory changes in the U.S.
The key question is: Will Bitcoin regain $100,000, or will uncertainty continue to hold back its growth?
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