The Bitcoin price went below $ 100,000 following China's announcement of new customs taxes on American imports. This decision, which is part of a context of increasing trade tensions between the two powers, caused a shock wave on the markets. Analysts fear an increased volatility period if Sino-American negotiations are not progressing.
China hardens its commercial position against the United States
The Chinese finance ministry has just announced its response to American measures. From February 10, Beijing will impose taxes of 15 % on liquefied coal and natural gas, and 10 % on crude oil, agricultural machines and certain vehicles imported from the United States.
This announcement comes after Donald Trump granted a 30 -day stay of customs duties of 25 % planned for Canada and Mexico. China remains subject to the 10 % prices imposed on February 1ᵉʳ. In addition to these taxes, Beijing has announced restrictions on the export of strategic metals such as tungsten and molybdenum, essential for technology industry.
These retaliation measures, which China justifies by accusing Washington of raping the WTO rules, threaten the world supply chains. The technological and energy sectors are particularly vulnerable, and the Crypto market, considered as an asset at risk, already reacts to these tensions between the first two economic powers.
Bitcoin falls after commercial reprisals in China
Bitcoin has posted high volatility since Monday, falling to $ 92,800 before going back to 98,400 dollars. If the suspension of customs tariffs for Mexico and Canada had briefly reassured the markets, the announcement of Chinese reprisals now weighs on the courses.
Min Jung, analyst at Presto Research, explains that ” Cryptocurrencies react as traditional actions in the face of geopolitical tensions. Volatility will persist as long as the situation remains tense. »Justin d'Anethan de Liquifi alerts on a possible domino effect if the commercial conflict extends to Europe.
For Nick Ruck, director of LVRG Research, the lack of agreement between Washington and Beijing could draw new losses. These tensions question the status of value refuge of Bitcoin, now more sensitive to geopolitical risks.
In short, this new deal obliges investors to review their strategies, while Trump has just created a national sovereign fund aimed at notably the potential takeover of Tiktok.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
