Why Bitcoin Continued Falling Today

Group 1 - The value of Bitcoin is declining due to escalating tensions between China and the U.S., particularly following China's restrictions on Hanwha Ocean Co., a South Korean shipbuilder with U.S. naval contracts [1][3][8] - Investors are increasingly nervous about potential trade wars, especially after President Trump's threats of 100% tariffs on certain Chinese imports, which have led to China's retaliatory actions [3][4] - Concerns about a slowing U.S. economy are causing Bitcoin investors to seek safer investment options, as riskier assets like cryptocurrencies are less attractive in a downturn [5][7] Group 2 - The U.S. government is investigating China's shipbuilding expansion due to fears of its growing dominance in the industry, which has contributed to the current trade tensions [4][6] - The uncertainty surrounding the economy and trade relations with China is likely to lead to increased volatility in Bitcoin's value, as investors remain cautious [6][7] - The current situation has prompted Bitcoin investors to consider alternative safe havens, indicating a potential further decline in Bitcoin's value if uncertainty persists [7][8]