Bitcoin (BTC) saw a 2.5% decline to $98,500 as China enforced retaliatory tariffs following the introduction of new U.S. tariffs on Chinese goods. The 15% duty on U.S. coal and LNG, alongside a 10% tax on crude oil and agricultural machinery, has reignited trade war concerns. This reaction occurred after President Trump's implementation of a 10% tariff on China, putting pressure on BTC and Nasdaq futures. Prior to China's latest move, Bitcoin recovered from near $92,000 to over $102,000 amid hopes of a brief trade conflict, especially as Trump temporarily paused tariff threats against Mexico and Canada. Currently, Nasdaq futures are down 0.6%, while the dollar rises as a safe haven asset. Omkar Godbole, a Co-Managing Editor at CoinDesk, highlights the impact of these developments on market sentiment and Bitcoin's performance.

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