Bitcoin Fluctuates Amid U.S.-China Trade Tensions
- Bitcoin’s price fluctuated between $84,600 and $81,700 on Friday.
- China announced a 34% import tax on U.S. products starting next Thursday.
- The U.S. imposed a total of 54% tariffs on Chinese goods.
- U.S. nonfarm payrolls increased by 228,000 in March; unemployment rose to 4.2%.
- U.S. firms announced over 275,000 job cuts in March, a significant increase from the previous year.
The price of Bitcoin saw volatility as China retaliated against U.S. tariffs with its own levies, while the U.S. reported strong job growth but rising unemployment and significant job cuts in March.
Source (2.6)https://decrypt.co/313377/bitcoin-shows-impressive-resilience-nasdaq-bear-market-china-angst?rand=52368
