Bitcoin feels the weight of the new Trump rate for China 245%

By Hannah Pérez

The cryptocurrency market fell after the last escalation of the commercial conflict between China and the US. The White House said that China now faces a 245%rate. Bitcoin reversed USD $ 83,000.

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• The cryptocurrency market becomes bassist after the last escalation in the tariff conflict.
• The White House said China now faces a 245% rate for imports to the US.
• Bitcoin backed the USD $ 83,000 range by subtracting the profits on Tuesday.
• The indicators suggest the end of the upward cycle while the chaos of tariffs continue to develop.

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The cryptocurrency market has become bassist on Wednesday after a profit day as the commercial conflict between China and the United States takes a new escalation.

The commercial confrontation between the two nations worsened after the US president Donald Trump signed an act to increase tariffs on Chinese imports, imposing new restrictions on chip exports to the country and raising the total rate to more than 200%; much higher than the 145% indicated above.

“China now faces tariffs up to 245% about imports to the United States as a result of their retaliation tariffs“Said the White House on an information sheet on Wednesday.

Bitcoin falls after the last escalation of commercial conflict

Most of the main cryptocurrencies face losses in the last 24 hours, with Altcoins as Solarium (Sun) and Cardano (ADA) assuming the greatest blow, with decreases of just over 4% each in the period, according to data from Coinmarketcap.

TRX, the native token of the network Tronit was distinguished from the trend with a 2.6% increase in the last 24 hours in the middle of the 1.73% drop for global capitalization of cryptocurrencies in the period.

Bitcoin (BTC) fell to a local minimum of USD $ 83,100 before a modest recovery and after negotiating over USD $ 86,400 on Tuesday in the middle of a bullish relief session in the markets. At the time of editing, BTC reflects a 1.94% decrease in the last 24 hourschanging hands around $ 83,700 per unit.

The largest and most old cryptocurrency in the world sank below its simple price average price (SMA) on March 9, and since then it has established a support point below this level in a sign of a long -term bearish change, said the researchers of Coinbase In report on Wednesday cited by COINDESK.

The Nasdaq 100 futures also fell, losing more than 1%, while the futures of the S&P 500 fell 0.65%, as they noticed that same publication.

Gold wins in the middle of tariff chaos

Global financial markets have generally remained in the fall in the news of tariffs from the United States, with cryptocurrencies facing strong volatility in recent weeks.

Bitcoin It has remained relatively stable despite generalized agitation, which has led some analysts to say that the digital asset is acting as coverage in moments of instability and macro uncertainty. Despite this, some more recent indicators suggest that the bullish run may have remained in the past and that crypto is within the risk range.

Investors are now observing closely the next economic data as commercial policy developments continue. The publication of the March retail sales data, the unemployment data and the expected speech of the president of the FED, Jerome Powell, about the economic perspective of the United States, could be key this week.

Meanwhile, gold has benefited from the chaos of the rates, increasing 26% so far this year to exceed USD $ 3,000 per ounce. In the cryptocurrency market, BTC has retreated 10.25% in the period and is 23% below its price maximum price of more than $ 109,000 conquered in January.

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Hannah Estefanía Pérez / Diariobitcoin

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