May 01, 2025
11 11 11 AM
Latest Post
The Next Ethereum Will Come From a Dorm Room (or a College Dropout) Trump-Linked NexusOne Launches to Influence U.S. Crypto and AI Policy UK’s Delayed Regulation Hurts Plan to Be Global Crypto Hub, Executives Say: CNBC Shaw Walters: ‘We’re Going to Automate All of the Jobs’ CoinDesk 20 Performance Update: Index Gains 3.2% as All Assets Trade Higher Dinari Raises $12.7M to Expand Tokenized Stock Access for Non-U.S. Investors: Report Bitcoin Miners With HPC Exposure Underperformed BTC for Third Straight Month: JPMorgan ‘Everything Is Encrypted’: Aztec’s Privacy Rollup Hits Testnet Amid Growing Demand Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid Morgan Stanley Eyes Launching Crypto Trading Through E*Trade: Bloomberg

Bitcoin Falls Back to $83K as China Announces 34% Tariffs on All U.S. Goods

Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump’s Wednesday decision to boost the overall levy on Chinese goods to 54%.

Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day.

Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.

“China’s response is not only negative for the U.S. but it is also impacting the global outlook,” ForexLive’s analyst Justin Low wrote in a market update.

This post was originally published on this site