Bitcoin decreased to 104 thousand dollars with the escalation of US -Chinese tensions

Bitcoin fell to less than 103,700 dollars over the past two hours.

At the time of writing this report, BTC returned to about $ 10,4100, thus reaching the total liquidation through the derivative market to about $ 844 million, according to Coinglass.

Over one hour alone, BTC refinery sites exceeded $ 226 million, as it was a large amount of $ 220 million.

This comes at a time when the broader stock markets are planning. The S&P 500, Nasdaq, and the small CAP 2000 decreased by more than 1 %, while DJI decreased by 0.6 %, at the time of writing this report.

The decrease comes amid the escalating tensions between the United States and China. Donald Trump said that China “violated” the agreement and ended his position on the social truth in a manner that promises revenge. The markets seem to be preparing for them.

Meanwhile, China RespondAnd urged the United States to “correct its wrongful actions immediately, stop discriminatory restrictions against China and jointly support the consensus reached in high -level talks in Geneva.”