Bitcoin slips 5% below $117,000 mark
Key Takeaways
- Bitcoin dropped to nearly $116K as Trump reignited U.S.-China trade tensions.
- Ethereum fell below $4K and Solana neared $200 amid a broader risk-off market slump.
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Bitcoin fell below $117,000 today, declining nearly 5% on the day and nearing the $116,500 mark amid broad market volatility following comments from U.S. President Donald Trump threatening new tariffs and countermeasures against China.
Ethereum dropped below $4,000, while Solana traded close to $200 as the wider crypto market turned sharply red. The downturn mirrored a broader selloff in equities, with the S&P 500 falling nearly 3% and the Nasdaq sliding close to 4% as investors reacted to renewed trade tensions and risk-off sentiment.
Meanwhile, gold recouped the $4,000 mark after a brief dip yesterday, reflecting a renewed shift toward safe-haven assets amid escalating market uncertainty.
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