déjà vu as U.S.–China tensions weigh on crypto
Bitcoin is once again caught in the crossfire of a high-stakes geopolitical standoff. This time, the knock-on effects are being felt across every corner of the crypto market. The script is familiar: The return of U.S.–China trade tensions has triggered a sharp correction in Bitcoin, echoing a pattern seen earlier this year. When escalating tariffs sent risk assets spiraling for weeks on end, BTC corrected by 30%.
U.S.-China trade tensions: another macro shock, another Bitcoin slide
An ‘Uptober’ that began in traditional style with a Bitcoin rally of nearly 18% quickly soured after President Trump announced fresh 100% tariffs on Chinese imports and sweeping export controls on critical software.
The reaction was swift. Bitcoin tumbled…
