Bitcoin price falls to $113K as US-China trade tensions grow
Bitcoin (BTC) fell to around $113,000 on Tuesday as traders stayed cautious due to rising US-China trade tensions. The drop came after a short rebound, showing that market sentiment remains weak.
The decline followed recent news that U.S. President Donald Trump plans to impose 100% tariffs on Chinese goods and tighten export controls on key technologies. These steps have raised fears of another trade war, making investors nervous and reducing interest in risky assets like cryptocurrencies.
Over the weekend, Bitcoin fell as low as $103,800 during a major sell-off, before bouncing back to around $115,000. However, that recovery didn’t last long, and prices slipped again as uncertainty increased.
Traders are now turning more cautious, and many are moving their money to safer assets like gold. Other cryptocurrencies such as Ethereum and Solana also traded lower, following the same trend as Bitcoin.
The overall market remains under pressure as investors react to global trade and economic concerns. Volatility in Bitcoin prices could continue until tensions between the U.S. and China cool down.
Impact:
Bitcoin might stay weak in the short term if trade tensions rise further. Prices could recover slightly if talks between the U.S. and China show positive signs.
