China Imposes Tariffs, Bitcoin Trades Below $100,000
- China announced a 15% tariff on coal and liquefied natural gas.
- An additional 10% tariff will be applied to crude oil, agricultural machinery, and certain vehicles.
- Bitcoin is trading around $99,300 after recovering from a dip to approximately $98,500.
- The cryptocurrency rebounded from $92,800 earlier this week amid market volatility.
Following China’s announcement of new tariffs on U.S. goods, Bitcoin’s value fluctuated but stabilized around $99,300 after an earlier dip. The tariffs include a 15% increase on coal and LNG and a 10% increase on crude oil and select machinery.
Source (2.6)https://www.theblock.co/post/338683/bitcoin-lingers-below-100000-as-china-announces-retaliatory-tariffs-on-us-imports
