This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
China has escalated trade tensions by raising tariffs on US imports to 84%, while quietly reducing dollar purchases and considering a US Treasury sell-off. Bitcoin remains steady, sparking speculation it could benefit from financial instability.
- China raises tariffs on US imports from 34% to 84%, escalating trade tensions.
- PBOC reportedly reducing dollar purchases and may sell US Treasuries, risking higher US borrowing costs.
- Bitcoin holds steady as analysts see it benefiting from trade war instability and fiat distrust.
📎 Related coverage from: cryptoslate.com
Related Tags: Bitcoin