Cryptocurrency prices continued to fall, and Bitcoin fell to its lowest level since November last year, as escalating tariff war tensions raised concerns about the economy, offsetting US President Trump's pro-cryptocurrency statement last week. Risky assets such as cryptocurrencies are under pressure due to fears that Trump's tariffs and government dismissal will disrupt US economic growth. As investors sought safe haven, the US stock market declined and US Treasury bonds rose. Nikolay Karpenko, head of B2C2, said: “Although Trump's statement on strategic reserves for cryptocurrencies initially fueled optimism, this rebound quickly collapsed as macroeconomic conditions deteriorated and the market experienced aggressive sell-offs.”

Zhitongcaijing · 03/10 18:41
Cryptocurrency prices continued to fall, and Bitcoin fell to its lowest level since November last year, as escalating tariff war tensions raised concerns about the economy, offsetting US President Trump's pro-cryptocurrency statement last week. Risky assets such as cryptocurrencies are under pressure due to fears that Trump's tariffs and government dismissal will disrupt US economic growth. As investors sought safe haven, the US stock market declined and US Treasury bonds rose. Nikolay Karpenko, head of B2C2, said: “Although Trump's statement on strategic reserves for cryptocurrencies initially fueled optimism, this rebound quickly collapsed as macroeconomic conditions deteriorated and the market experienced aggressive sell-offs.”