China\u2019s decision<\/a> <\/strong>to impose a 34% tariff on all U.S. imports from April 10 has rattled markets, especially as Trump\u2019s initial move targeted Chinese goods with the same rate. The Chinese Finance Ministry urged the U.S. to reconsider, calling for a more cooperative approach to trade disputes.<\/p>\n

The news hit the crypto market hard, with Bitcoin experiencing a sudden drop from $84,000 to just under $82,000. This dip reflects a broader sense of uncertainty as the global economic standoff intensifies. The ripple effect has been felt beyond crypto, with the stock market taking an even heavier blow\u2014particularly the S&P 500, which shed more than $1.5 trillion in value upon reopening.<\/p>\n

Some analysts are trying to gauge how these developments might shape the crypto landscape. Kevin Capital, a well-known figure in the crypto community, believes digital assets could weather the storm better than traditional markets. His reasoning centers on how cryptocurrencies respond more to monetary policy than direct trade issues. He points out that expectations of Federal Reserve rate cuts have kept the crypto sector relatively stable compared to stocks.<\/p>\n