Global crypto markets took a hit following the latest escalation in the ongoing US-China trade conflict. Bitcoin briefly plummeted to $90,000 before rebounding above $101,000, only to slip below $99,000 again as uncertainty loomed. Ethereum also faced downward pressure, touching its lowest levels in months before recovering above $2,700.

China Strikes Back with Tariffs and Export Controls

The US government’s decision to impose fresh tariffs on imports triggered an immediate response from China. New 10% duties on US goods, along with restrictions on critical minerals like tungsten and ruthenium, rattled investors. While the White House suspended tariffs on Mexico and Canada to stabilize North American trade, China remains firmly in Washington’s crosshairs, exacerbating economic tensions.

Crypto Volatility and Market Opportunities

Despite the initial downturn, altcoins demonstrated resilience. XRP saw a strong 50% bounce, and Solana climbed back above $210. Traders are closely monitoring Bitcoin’s price action, which remains within a volatile range. The key question now is whether Bitcoin can reclaim stability above the $100,000 mark or if further downside risk looms.

For those eyeing market opportunities, Bitcoin’s current dip could be a strategic accumulation point. However, traders should remain cautious as macroeconomic uncertainty continues to dictate price action.

⚠ Disclaimer: This information is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.