Bitcoin Sinks to a Four-Month Low Amid Concerns Over US Economy
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Cryptocurrency prices extended their slide, sending Bitcoin to the lowest level since November, as escalating tariff-war tensions spurred concern about the economy that offset a wave of pro-crypto announcements from President Donald Trump last week.
Risk assets like crypto are under pressure amid anxiety that Trump’s tariffs and government firings will torpedo growth in the world’s largest economy. US equities slid and Treasuries rallied as investors sought a refuge.