Overview

• Bitcoin is trading between $75,000 and $77,000 after falling from $80,000 earlier this week, reflecting the impact of new U.S. tariffs on Chinese imports.
• The 104% tariff, confirmed by the White House, has caused market-wide disruption, leading to a $271 million liquidation of long positions in the crypto market.
• Traditional financial markets are also under strain, with U.S. Treasury yields rising sharply and major stock indices, including the S&P 500 and Nasdaq, posting significant losses.
• Analysts caution investors about short-term risks but suggest potential long-term opportunities in Bitcoin and other cryptocurrencies if trade tensions ease.
• The global economic outlook remains uncertain as the trade war intensifies, with concerns over disrupted supply chains, inflation, and declining investor confidence.