Bitcoin Falls Back to $83K as China Announces 34% Tariffs on All U.S. Goods

coindesk
2025.04.04 10:41
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China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.Bitcoin's value dropped by $1,600 to $83,000 after an initial rise, with other cryptocurrencies also losing early gains.Futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.

  • China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.
  • Bitcoin's value dropped by $1,600 to $83,000 after an initial rise, with other cryptocurrencies also losing early gains.
  • Futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.
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