The crypto market, including Bitcoin, experienced selling pressure as global trade tensions between the US and China intensified. China retaliated against US tariffs with an anti-trust investigation into Google and new tariffs on various goods. The crypto market reacted sharply to these geopolitical developments, with Bitcoin initially rebounding but quickly dropping following China's countermeasures. The market remains highly volatile and vulnerable to geopolitical problems. The ongoing tariff war period is expected to be tough for crypto assets, as traders are concerned about its long-term effects. However, there is hope that the Trump administration plans to position the US as a leader in digital assets. Escalating trade disputes and potential sanctions and regulations on tech firms could further strain market confidence and lead to sell-offs.



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