Key Takeaways
- Bitcoin dropped to almost $116K as Trump reignited U.S.-China commerce tensions.
- Ethereum fell under $4K and Solana neared $200 amid a broader risk-off market droop.
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Bitcoin fell under $117,000 as we speak, declining almost 5% on the day and nearing the $116,500 mark amid broad market volatility following feedback from U.S. President Donald Trump threatening new tariffs and countermeasures in opposition to China.
Ethereum dropped under $4,000, whereas Solana traded near $200 as the broader crypto market turned sharply purple. The downturn mirrored a broader selloff in equities, with the S&P 500 falling almost 3% and the Nasdaq sliding near 4% as buyers reacted to renewed commerce tensions and risk-off sentiment.
In the meantime, gold recouped the $4,000 mark after a quick dip yesterday, reflecting a renewed shift towards safe-haven property amid escalating market uncertainty.
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