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Bitcoin fell over 3% as global markets retreated amid renewed trade tensions between the U.S. and China. The sell-off extended to altcoins and traditional equities, overshadowing softer inflation data.
- Bitcoin fell 3% to $78,200 amid fears of renewed U.S.-China trade tensions after a temporary tariff pause was followed by plans for a sharp escalation.
- Ethereum (ETH) dropped nearly 7%, and major altcoins like Solana (SOL) and Avalanche (AVAX) also declined as risk-off sentiment spread across crypto and traditional markets.
- Despite a softer U.S. inflation report, markets ignored potential Fed rate cut signals, focusing instead on geopolitical uncertainty and trade policy risks.
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