๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐ข๐ช๐ฉ๐๐ ๐๐ข๐๐ ๐๐-๐พ๐๐๐ฃ๐ ๐ฉ๐ง๐๐๐ ๐ฌ๐๐ง ๐๐๐๐ง๐จ
Escalating trade tensions between the U.S. and China have recently exerted significant pressure on the cryptocurrency market.
Last week, President Donald Trump implemented a 10% tariff on Chinese imports, citing national security concerns. China responded with retaliatory tariffs on U.S. goods, including liquefied natural gas, coal, crude oil, and farm equipment.
These actions have intensified fears of a prolonged trade war, prompting a shift towards safe-haven assets.
Investor sentiment has been further dampened by concerns over potential inflation resulting from the tariffs, which could weigh on liquidity.