Bitcoin (BTC) 
$110,871.06 price It fell below 110 thousand dollars again and this causes new losses in cryptocurrencies. Today we saw a new statement from the Chinese front. Although officials here claim that the tension was inflamed by the USA, the US side says the opposite. So what is the latest situation in cryptocurrencies?
Cryptocurrency Drop
U.S. stock markets were holding strong, with recent earnings reports supportive and hopes for better. However, at the time of writing, NASDAQ is trending to turn negative and BTC It fell again to $108,500. ETH While it is hanging below $4,000, SOL Coin is below $192.
Yesterday, Bessent said that talks with China and talks on China would continue throughout the week. He also said yesterday that the export restrictions may have been under the control of China’s Deputy Minister of Commerce. But China’s negative statement today shows that things are not going great. Moreover, in November Chinese A decision is awaited on whether there will be a new postponement regarding tariffs.
Under all these conditions, cryptocurrencies need Trump to take concrete steps to reduce tensions. Statements made by Trump, who is currently meeting with Putin after the showdown with Russia, regarding peace or the postponement of secondary sanctions may be supportive. A long position worth $160 million was liquidated in the last hour.
