Bitcoin Recovers Slightly Amid Renewed U.S.-China Tensions — Market Talk
Bitcoin recovers slightly after hitting a three-and-a-half-month low at the weekend on renewed U.S.-China trade tensions. President Trump on Friday threatened to impose an additional 100% tariff on Chinese imports from next month, hitting risk appetite. However, in a social media post Sunday, Trump said "don't worry about China, it will all be fine." The U.S. wants to help China, he said. Deus X Pay's James Madden says in a note that the market is "balancing between fears of extended trade tensions and optimism that the tariff escalation may be a temporary bargaining tactic." Bitcoin rises 0.2% to $115,299 after hitting a low of $104,782 Saturday, LSEG data show. It remains well below the record high of $126,223 reached on October 6. ([email protected])