While uncertainty falls into financial markets, the US and China are climbing the tariff war and unleashing the wave of fear that will shake up the world of digital assets.
In this scenario, the US Bitcoin ETFS They registered capital output yesterday, April 8th at $326 millionCoinglass data reflects tensions over investors’ increasingly hostile economic panoramas.
background ISHARES BITcoin Trust (IBIT), managed by BlackRock, with a loss of 252.9 million people Production dollars. It was followed by 21.7 million Bitwise Bitcoin ETFs (BITB) and ARK 21Shares Bitcoin ETFs (ARKB), followed by 19.9 million.
Other funds such as Groyscale GBTC, Bitcoin de Grayscale Mini Trust, Franklin’s EZBC and BTCO DE Investco also reported negative trends.
As can be seen in the following graph, These numbers mark the fourth consecutive departure date after 109.2 million recorded on Monday. Additionally, the volume of negotiations for these ETFs fell to $3,000 million on Tuesday compared to 6,000 million on Monday and 4,000 million on Friday.
Previous April, Bitcoin ETF only saw the 1st net ticket on April 2, when he entered $228 million.. However, Tuesday’s departure marks the largest daily departure since March 11th, indicating a worrying trend for investors.
Customs War illuminates alarms
The origin of this turbulence Seen in the strengthening of commercial conflict between Washington and Beijing.
Donald Trump’s government has imposed an additional 50% tariff on Chinese products and raised the total interest rate to 104%.
The decision corresponds to the 34% tariff China has applied to American products. Trump was warning Beijing in truth To avoid turning his policies back by April 8, he will face retaliation, the ultimate China ignored..
China’s Ministry of Commerce has described the US actions as “unilateral threats,” They have committed to protecting their interests through measures such as rare earth export control. Restrictions on US companies.
Exchange of this commercial blow Shaking global markets and pushing operators to assess the outcome of long conflicts.
Bitcoin feels an impact
Bitcoin prices didn’t escape the storm. The currency has dropped from $78,500 Wednesday $75,100reflects the risk of investors.
Market analyst Michael Van De Poppe claims that Bitcoin needs to exceed $80,000 to reverse the bearish trend.
Meanwhile, Coinmarketcap’s cryptocurrency terror and greedy index collapsed at 15 points, entering the “extreme fear” area, the lowest level of the year. This indicator reveals a deep sense of concern among market participants.
The fear and greedy index of cryptocurrency can be divided into five main scales. Fear (20-40) suggests caution. Caution (40-60) indicates neutral or waiting position. Greedy (60-80) reflects optimism and enthusiasm for the market. Extreme Greed (80-100) indicates the potential for unsustainable euphoria and price correction warning signals.
As the tariff war between the US and China gains strength, investors in Bitcoin and other assets face an environment of increasing volatility. The massive output of Bitcoin ETFs in cash highlights the mistrust of future financial turmoil.
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