Bitcoin Recovers Slightly Amid Renewed U.S.-China Tensions
Barrons·2025-10-13 08:28
Group 1 - Bitcoin experienced a slight recovery after reaching a three-and-a-half-month low due to renewed U.S.-China trade tensions [1] - President Trump threatened to impose an additional 100% tariff on Chinese imports starting next month, impacting market risk appetite [1] - Trump later reassured the public via social media that the situation with China would be fine and that the U.S. aims to assist China [1] Group 2 - James Madden from Deus X Pay noted that the market is currently balancing between fears of prolonged trade tensions and optimism that the tariff escalation may be a temporary bargaining tactic [2]