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Bitcoin Slumps As China Bites Back on Trade
Bitcoin prices are back under pressure today, following a strong recovery rally yesterday off the 91,45 level lows. Bitcoin prices gapped heavily lower at the start of the week as traders reacted to news of Trump’s tariffs on Mexico, Canada and China. Risk assets came under heavy selling pressure across the board while the Dollar roared back to fresh YTD highs. Trade War Impact Later yesterday, news that Trump had postponed tariffs against Mexico and Canada for a month following both countries agreeing to meet his terms on border requests, crypto markets bounced back as risk appetite recovered on hopes that a trade ... (full story)
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- Posted: Feb 4, 2025 5:03am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 75
