Global trade tensions, particularly tariffs imposed by China and the EU, contribute to increased volatility in traditional and crypto markets, affecting Bitcoin and Ethereum.
China and the EU impose retaliatory tariffs on U.S. goods, raising concerns about potential downturns in digital asset valuations, particularly Bitcoin.
The announcement of tariffs leads to a sharp decline in global financial markets, including significant drops in U.S. stock futures and European markets.
The future trajectory of cryptocurrencies remains uncertain, with predictions ranging from increased investment and price boosts to further declines.