China's Retaliation Hit Bitcoin Once Again: QCP Issues Volatility Warning! - Coin Bulletin

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China's new customs tariffs and the competition investigation against Google have increased uncertainty in global markets, causing Bitcoin to fall to $98,000.

Cryptocurrency markets have fluctuated again in response to China's retaliatory new customs tariffs.

According to the announcement made by QCP Capital, Bitcoin (BTC) fell to $98,000 after a short-term recovery.

China's actions have not been limited to just trade tariffs. The country has shown a tendency to target major US-based technology companies by launching a competition investigation against the tech giant G**oogle.

Possible sanctions and restrictions, according to experts, may suppress the profits of the technology sector and create downward pressure on risky assets.

These developments pose significant risks not only to global markets but also to cryptocurrency investors. If the tension between China and the US escalates, it is anticipated that market volatility may increase and risky assets like Bitcoin may come under pressure.

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