"Crypto Market Turmoil: Bitcoin Drops Below $99K Amid U.S.-China Trade War"

The crypto market experienced a tumultuous day as the U.S.-China trade war escalated, with Bitcoin sliding below the $99,000 mark. The volatile price swings were triggered by the U.S. President's decision to impose tariffs on Chinese goods, which was met with swift retaliation from China.

XRP and Dogecoin initially surged by 20% before retracing their steps as the trade war rattled the crypto market. Bitcoin briefly soared past the $100,000 mark after President Trump paused tariffs on Mexico and Canada but quickly dropped to $98,000 when China struck back with fresh tariffs on U.S. imports.

Despite being decentralized, cryptocurrencies still react like traditional financial markets. Many believe that this is not just about trade but a battle over supply chains, financial dominance, and economic control. If the U.S. continues to escalate the situation, China may accelerate de-dollarization, push its central bank digital currency (CBDC), and tighten its hold on critical industries.

Crypto traders took advantage of a "buy-the-dip" opportunity after Monday's $2.2 billion liquidation, causing XRP and Dogecoin to rise sharply. However, when China retaliated with new tariffs, gains disappeared just as fast. XRP, Dogecoin, Solana (SOL), and Cardano (ADA) managed to hold onto a 3% increase, while Bitcoin (BTC) and Ethereum (ETH) were up about 4%, but volatility remains high.

Analysts are divided on how long this market chaos will last. Min Jung from Prestro Research explained that despite Bitcoin's reputation as "digital gold," it still behaves like a risky asset. This means that China's tariffs impact it just like stocks, leading to short-term pressure. Jung called this crash an overreaction but warned that traders should be prepared for the worst. The big question now is whether this is just a negotiation tactic or the beginning of a long economic war. If tensions rise further, crypto markets could suffer extended pullbacks.

For now, XRP and Dogecoin remain at the mercy of global economic tensions. According to Crypto analyst CasiTrades, XRP's dramatic plunge to $1.77 after a weekend liquidation event wiped out key support levels. Currently