Trade war jitters drag crypto lower across the board
Summary
Cryptocurrency markets experienced a broad selloff, with Bitcoin dropping below $72K and Ethereum falling near $2,100, driven by renewed jitters over US-China trade relations. The catalyst was the discrepancy between Washington's push for increased Chinese purchases of US goods, like soybeans, and reports from US farmers showing zero purchases since late 2025. This disconnect signals global economic uncertainty, causing investors to pull back from risk assets, a dynamic amplified in crypto due to increased institutional participation. The Fear and Greed Index plunged into "Extreme Fear" territory at 22. While Bitcoin had shown weekly gains before the drop, the market is now vulnerable; a failure to resolve trade tensions could push BTC toward $68K-$70K support, whereas positive developments might allow a recovery toward $74K-$75K. Investors are advised to maintain patience until concrete trade progress or a significant market washout occurs.
(Source:Crypto Briefing)