Bitcoin (BTC) and Nasdaq Futures faced Renewed Sales Press in Asia Trading Hours on Tuesday when China introduced retaliatory guares against the United States
China also announced an antitrust -probe to Google while moving the clothing company PVH Corp and Biotechnology Firm Illumina to the list of unreliable devices.
Beijing introduced a 15% duty on American coal and LNG and a 10% tax on crude oil, agricultural machinery, pickup cars and large motor cars. The move came after US President Donald Trump’s new 10% duty on China came into force.
On Monday, Trump accepted a 30-day break on his customs threats against Mexico and Canada and offers a relief to BTC. Cryptocurrency’s award staged a remarkable recovery from nearly $ 92,000 to over $ 102,000 in the hope that the trade war would be short -lived.
However, China’s fresh action has bulbed the recovery and sent BTC down to $ 98,500 at the press time. Nasdaq futures are down by 0.6% with the dollar index that draws Safe Haven -Bud.
