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Bitcoin Under $10K as U.S., China Trade War Escalates

Saturday, Aug 24 2019

Cryptocurrency

Written by FinTech News Brief Staff

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Bitcoin Under $10K as U.S., China Trade War Escalates

Traditional and cryptocurrency markets are “in turmoil” as the yuan recovers and the world holds its breath over the U.S.-China trade war. So reports Forbes.

Bitcoin fell under $10,000 per unit while XRP, ethereum and litecoin also dipped heavily, with speculation about the dips ranging from geopolitical explanations to other global economic uncertainties. Also disappointing crypto investors, the U.S. Securities and Exchange Commission punted a decision on “three bitcoin exchange-traded fund proposals.”

Read the full article from Forbes.

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