Bitcoin Drops Below $100K Amidst Trade War Turmoil

Bitcoin Slips Below $100K, Taking Cardano and Shiba Inu Down; DTX Exchange Gains Attention With Potential 100X Return

Bitcoin (BTC) has slipped below the $100,000 mark, taking other major cryptocurrencies like Cardano (ADA) and Shiba Inu (SHIB) down with it. The broader crypto market has faced renewed selling pressure, with global trade tensions intensifying. After the U.S. imposed 10% tariffs on Chinese goods, China retaliated with an anti-trust investigation into Google and new tariffs on coal, crude oil, and farm equipment. BTC initially rebounded to $100,000 when the U.S. delayed tariffs on Mexico and Canada but quickly dropped to $98,000 following China’s countermeasures.

Crypto market volatility persists, reacting sharply to geopolitical developments. According to QCP Capital, the crypto markets remain highly volatile, reacting sharply to geopolitical developments. Min Jung, a research analyst at Presto Research, said that even though Bitcoin is compared to ‘digital gold’, it is highly vulnerable and reacts quickly to geo-political problems. The crypto market’s initial sharp reaction could be an overcorrection, but prolonged tensions may sustain volatility.

China’s retaliation sends BTC back to $98k. China also launched an antitrust investigation into Google, signaling a readiness to escalate tensions by targeting major U.S. tech firms. Any resulting sanctions or restrictions could further strain market confidence, adding to downward pressure on riskier assets like Bitcoin. If tensions continue, the market may see more meltdowns and panic sell-off may begin.

A ray of hope? In the downtrend, there is a buzz that Trump’s administration is planning to make the US Bitcoin powerhouse as they are preparing for a “big day.”

Trade war fears weigh on Bitcoin. In the meanwhile, Justin d’Anethan from Liquifipointedout that the U.S. tariffs on Mexico and Canada were just the beginning, with China and possibly Europe becoming key battlegrounds. Nick Ruck of LVRG Research warned that escalating trade disputes could push crypto assets lower unless negotiations lead to tariff cancellations.

Bitcoin rejection at $100,0