CandleFocus ? Crypto Dips Again as China Set to Impose Tariffs on US Goods
2025-02-04
Author: Content Editor
China's retaliatory measures against the US, including new levies on American goods and a probe into Google, have caused cryptocurrencies to tumble. The global market rout and investor uncertainties following US tariffs have led to over $2.2 billion in liquidations. The top 10 cryptos, excluding stablecoins, have reacted negatively, with Dogecoin leading losses at 5.8% and XRP declining by 5.1%. Bitcoin, however, showed relative resilience with a 1.3% drop. NASDAQ 100 futures also dropped 1.7% before US markets opened. Commodities, such as natural gas and crude oil, are facing pressure, while copper made modest gains.
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