Recent developments surrounding tariff negotiations between China and the U.S. have significantly impacted the cryptocurrency market, leading to a sharp decline in Bitcoin prices.
Denial by the Chinese Government
On April 25, 2025, Chinese officials denied any ongoing tariff negotiations with the U.S., labeling the claims as "groundless" and "fake news." The Chinese side emphasized that any discussions should be conducted based on mutual respect.
Impact on the Cryptocurrency Market
Following the denial of talks, Bitcoin's price dropped below $95,000. This decline is attributed to growing uncertainty in the market and the lack of hopes for tariff reductions that could alleviate economic pressure on investors.
Outlook and Recommendations
Analysts note that the current situation does not suggest an imminent resolution to the trade disputes between the U.S. and China. Investors should be prepared for volatility in the cryptocurrency market in response to geopolitical changes.
The uncertainty in trade relations between the U.S. and China continues to pressure the cryptocurrency market, particularly Bitcoin, raising doubts about short-term growth predictions.
