Bitcoin price drops as Trump shows no interest in trade agreement with China. Global markets face downturn. Expert insights on economic implications. Real-time cryptocurrency prices.
On Tuesday, Bitcoin futures trading on the Chicago Mercantile Exchange (CME) started with a downward trend. This decline coincided with Donald Trump’s statements that no deal would be made with China. Last week, Trump imposed new tariffs on 180 countries, raising the total tariffs for China to 54%. Since then, global financial markets have faced a downturn. Market data shows that after Trump’s remarks, Bitcoin futures contracts opened at $79,590, a 5.6% decrease from the previous Friday. This drop may indicate capital outflow from the cryptocurrency market. Meanwhile, open interests in global futures markets have increased, signaling traders’ expectation of further price drops.
