Bitcoin price crashes below $120k as Trump raises tariff charged to China by 100%
- Bitcoin dropped below $120k, hitting as low as $109k on some exchanges.
- Over $1 billion in positions liquidated in less than 24 hours.
- Ethereum dipped below $3,500, and Solana fell below $150.
The recent volatility in the crypto market highlights the fragility of investor confidence in the face of geopolitical tensions. While institutional interest in Bitcoin ETFs suggests a long-term bullish outlook, the immediate impact of political decisions can lead to drastic market reactions. This raises questions about the resilience of cryptocurrencies as a stable investment in uncertain times.
