{"id":13485,"date":"2025-10-16T13:04:55","date_gmt":"2025-10-16T18:04:55","guid":{"rendered":"https:\/\/networkstars.com\/bitcoin-reduces-its-decline-to-2-7-after-trade-tensions-between-the-us-and-china-increase\/"},"modified":"2025-10-16T13:12:27","modified_gmt":"2025-10-16T18:12:27","slug":"bitcoin-reduces-its-decline-to-2-7-after-trade-tensions-between-the-us-and-china-increase","status":"publish","type":"post","link":"https:\/\/networkstars.com\/en\/bitcoin-reduces-its-decline-to-2-7-after-trade-tensions-between-the-us-and-china-increase\/","title":{"rendered":"Bitcoin reduces its decline to 2.7% after trade tensions between the US and China increase"},"content":{"rendered":"\n

Bitcoin, the best-known and most traded cryptocurrency on the market, reduced its losses on Tuesday afternoon after falling more than 5% amid rising trade tensions between the United States and China.<\/p>\n\n

At 3:37 p.m. local time (1:37 p.m. GMT), Bitcoin fell to a session low of $109,978, down 5.04% from Monday’s close of $115,818.<\/p>\n\n

At 6:00 p.m. (4:00 p.m. GMT), Bitcoin was down 2.73% and trading at $112,622.<\/p>\n\n

Last Friday, the cryptocurrency market already fell sharply after US President Donald Trump said he saw no reason to meet with his Chinese counterpart, Xi Jinping, and threatened a \u201cmassive increase\u201d in tariffs on products from the Asian giant.<\/p>\n\n

On Friday alone, Bitcoin closed with a decline of 5.64%, and on Saturday it fell another 3.45%. During those days, it hit a low of $105,000. <\/p>\n\n

After stabilizing during Sunday and Monday’s sessions, the cryptocurrency returned to negative territory on Tuesday after reciprocal port tariffs between China and the United States came into effect.<\/p>\n\n

Specifically, the United States applies a surcharge of $50 per net ton to Chinese ships, while Beijing imposes equivalent tariffs on ships owned, operated, or flagged in the United States.<\/p>\n\n

In this way, Bitcoin is moving away from the historic highs it reached on the 6th, when it was trading above $126,000.<\/p>\n\n

Meanwhile, the second most traded cryptocurrency on the market, Ethereum, fell to a session low of $3,893.12 at 12:30 p.m. (10:30 GMT), down 9.27% from Monday’s close ($4,291.068).<\/p>\n\n

At 6:00 p.m. local time (4:00 p.m. GMT), it was trading at $4,072.655, down 5.09% from yesterday’s close.<\/p>\n\n

On Friday alone, this cryptocurrency plummeted 10.81%.<\/p>\n\n

\n

Source: Investing.com<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

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