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Trump's Trade Tensions Spark Bitcoin Drop 0.5%
Generated by AI AgentCoin World
Friday, May 30, 2025 1:40 pm ET1min read
Donald Trump, the former U.S. President, posted on Truth Social that China had "totally violated" its trade deal, marking the end of a phase of "stabilization" for Beijing. This post, published at 8:09 A.M. ET Friday, warned that the United States is "no longer Mr. Nice Guy".
Bitcoin, which had climbed above $106,000 during Asian hours, eased to $105,400 after the remarks, trimming an early rally. This move underlines the asset’s continued sensitivity to macro headlines as it consolidates near all-time highs.
Markets read fresh trade tension as a headwind for global demand. The statement comes two weeks after Trump said U.S. tariffs had pushed China to the
, caused factories to close, and created “civil unrest” before an alleged “fast deal” restored trade flows. No details of the supposed breach, civil unrest, or factory closings were provided, and Beijing had not responded by publication time.
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