Bitcoin fell sharply to less than 75,000 dollars, as Asian and Pacific stock markets were opened on Wednesday morning, and fell 6 % in one day. Global financial markets are drowned under pressure from the United States, which imposes a 104 % tariff on Chinese imports.
The sales process coincided with the increasing concerns that the escalation of trade tensions between the largest economists in the world can hinder the global economic recovery.
Stock markets bleed all over the world and follow bitcoin
In Asia, the Japanese Nikki 225 fell about 4 % in the open, while the markets in South Korea, Australia and New Zealand also published significant declines.
Australian stocks opened 2 % less, erasing the gains from the previous session amid hopes of retreating from trade in the United States and China.
The S&P 500 index decreased by 1.6 %, reflecting a 4.1 % profit and the index pushing is approximately 19 % less than the February Summit. Dow Jones industrial average decreased by 0.8 %, while heavy NASDAQ decreased by 2.1 %.
Correction of acute encryption led to approximately $ 400 million in daily liquidation, led by long sites.
It is worth noting that the long short Bitcoin ratio turned for the first time in weeks, with short positions now 55 % of open attention-a clear mark that the homosexual feelings exceeded the market.
Investors quickly get rid of asset categories, preparing for more fluctuations with the escalation of trade conflict.
Trump’s additional tariffs of Trump increased by 104 % over China and the lack of diplomatic progress from uncertainty, prompting traders to search for liquidity and turn into defensive strategies.
Since Bitcoin is often seen as a scale of total risk appetite, its decline emphasizes the increasing relief in the market.
Disintegration
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