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BTC/USD: Path of Least Resistance is Lower
The BTC/USD pair continued its recent downtrend as the US and China trade conflict accelerated, leading to higher recession risks. Bitcoin price dropped to $76,800 on Wednesday, much lower than the year-to-date high of $109,300. China and US trade conflict accelerates The BTC/USD pair remained under pressure as the two biggest economies continued their trade conflict. Donald Trump has ratcheted his trade rhetoric, a week after he announced his Liberation Day tariffs. He announced that the US would charge China a 34% tariff on top of the 20% he implemented a few weeks before. China retaliated against these tariffs by ... (full story)
