Bitcoin Slides as US-China Trade War Escalation Rattles Markets
- Digital assets slid on Tuesday as China responded to US levies
- Ether and other major tokens had earlier clawed back losses
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Bitcoin and other digital assets faced renewed selling pressure as trade tensions between the world’s two largest economies intensified, with the US and China imposing fresh tariffs on each other.
The largest cryptocurrency fell as much as 3.6% to $98,199, while other major tokens including Ether and Solana also lost ground.