🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
New Move from China to the USA: Bitcoin Plummets Again! - Coin Bulletin
With the announcement of new tariffs that China will impose on US products, the price of Bitcoin (BTC) fell again during the day, dropping to $74,600.
The price of Bitcoin (BTC) was trading at around 78 thousand dollars in the morning, drawing an independent picture from global stocks. However, the recent announcement by the Chinese Ministry of Finance was enough to shake the markets again. The ministry announced that additional tariffs would be imposed on U.S.-origin products starting April 10, and this news triggered a new wave of get dumped in many financial assets, especially Bitcoin.
After China's statement regarding tariffs, the price of Bitcoin dropped to as low as 75,800 dollars within a few hours. The new taxes of up to 104% imposed by the U.S. on Chinese products and the additional 25% customs duty imposed by Canada on U.S. cars triggered a retaliatory move from China, leading to a new wave of uncertainty in global markets.
The crypto investor is worried
Following the latest developments, cryptocurrency investors are worried about whether Bitcoin can recover in the short term. Analysts indicate that with the resurgence of global trade wars, investors' risk appetite has diminished and Bitcoin's "safe haven" role is being questioned again.
In the coming days, the impact of tensions between China, the USA, and Canada on the markets will be among the developments that investors will closely monitor. It remains uncertain how this process, which is critical for the short-term outlook of the cryptocurrency market, will unfold.