Bitcoin Plunges Amid US-China Trade Tensions

Bitcoin's price fell to $97,600 on Wednesday, facing resistance amid escalating US-China trade tensions. The cryptocurrency market has been volatile in recent days, with investors assessing the impact of geopolitical risks on their portfolios.

China's Foreign Ministry has criticized US tariffs, warning of potential supply chain disruptions. The ministry urged the US to correct its tariff actions, stating that the current trade tensions are harmful to both countries and the global economy. This comes as China launched an antitrust probe into Google, further escalating tensions between the two nations.

Asia-Pacific markets traded mixed on Wednesday, with investors weighing the impact of the US-China trade spat. The region's economic data also played a role in market sentiment, with investors assessing the latest figures from various countries. Despite the mixed performance, some regional indices managed to post gains, reflecting a degree of resilience in the face of external headwinds.

The Bitcoin market has been particularly sensitive to geopolitical risks, with the cryptocurrency's price often reacting to developments in the US-China trade dispute. As tensions between the two nations escalate, investors may continue to monitor the situation closely, with potential impacts on Bitcoin's price and broader market sentiment.