Crypto market slumps $200 billion as China-US tensions rise
The crypto market lost nearly $200 billion in value as escalating trade tensions between China and the United States reignited global risk aversion.
This halted Bitcoin’s fragile recovery after last weekend’s record $19 billion liquidation.
Bitcoin price struggles
Data from CryptoSlate shows the industry’s total market capitalization declined 3% to $3.79 trillion, down from $3.96 trillion the previous day.
Bitcoin has struggled to hold above its $115,000 resistance and slipped over 3% to $110,500, testing a crucial short-term support zone.
Notably, Ethereum, the second-largest crypto asset by market capitalization, mirrored the downturn. ETH dropped 4% below the $4,000 mark before rebounding slightly, while BNB saw a 12% pullback from…
