Bitcoin recently trades at 119,028 USD, falling 1.7%. Ethereum and Solana are priced at 4,107 USD and 211 USD, both down around 5%. The S&P 500 and Nasdaq indices also dropped significantly.
President Trump warned of potential increases in tariffs on China, stating this could lead to sharp economic adjustments. The ongoing trade tensions are influencing overall market sentiment and causing significant liquidations within the crypto space.
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