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Crypto falls due to U.S. – China tensions: BTC 3%, ETH 4.3%, XRP 6.6%
Cryptocurrencies faced a sharp setback this Tuesday due to the worsening tensions between the United States and China. In the last 24 hours:
Bitcoin (BTC) fell nearly 3% (Barron's)
Ethereum (ETH) plummeted 4.3% (Barron's)
XRP suffered the largest drop among major crypto assets, with -6.6% (Barron's)
🧭 What's happening?
Diplomatic and trade tensions between the U.S. and China have created a wave of risk aversion in global markets. Investors who used to flock to more speculative assets like cryptocurrencies are now seeking refuge in 'safe' assets amid uncertainty. (Reuters)
Bitcoin (BTC) fell nearly 3% (Barron's)
Ethereum (ETH) plummeted 4.3% (Barron's)
XRP suffered the largest drop among major crypto assets, with -6.6% (Barron's)
🧭 What's happening?
Diplomatic and trade tensions between the U.S. and China have created a wave of risk aversion in global markets. Investors who used to flock to more speculative assets like cryptocurrencies are now seeking refuge in 'safe' assets amid uncertainty. (Reuters)
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