Bitcoin Price Forecast: BTC edges below $100K as China hits back after US tariffs take effect
Bitcoin price edges below $100,000 on Tuesday after recovering from a low of $91,231 the previous day. The US and China trade war can bring more volatility to risky assets like Bitcoin. Bybit’s CEO Ben Zhou suggests that the total liquidation on Monday may have been $8–$10 billion, far exceeding the reported $2 billion.
China Tariffs Keep Bitcoin in Check
Tariffs on. Tariffs off. Bitcoin whipsaws as China imposes tariffs against the U.S. and U.S. President Donald Trump delays tariffs against Canada and Mexico. Plus, Trump signs an executive order for a sovereign wealth fund and his Commerce Secretary nominee Howard Lutnick tones down his remarks on Tether’s stability.
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