Bitcoin and other cryptocurrencies are facing renewed selling pressure on Tuesday as trade tensions between the US and China ramp up.
Bitcoin’s rollercoaster continues on US-China trade war fears – Is a reversal coming? These tensions are rattling market confidence and fueling risk-off trade. Bitcoin has fallen 3% lower to 98,000, while other major tokens such as ether and Solana are trading 4% and 5% lower, respectively.Washington imposed a 10% trade tariff on all Chinese goods, which came into effect today.
Since the crypto market crash after Trump announced tariffs on Canada, Mexico and China, XRP investors have realized nearly $2 billion in profits in the past three days — one of the highest in its history. SUI Price Forecast: Bears aim for 40% crash Sui price edges down, trading around $3.54 on Tuesday after falling nearly 15% the previous week. The technical outlook and Coinglass’s OI-weighted funding rate data are negative, suggesting potential downward pressure on Sui’s price.
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