Bitcoin has fallen to $97,808 amid trade tensions, while Ethereum rose to $2,747. The global crypto market cap decreased slightly to $3.22 trillion. Analysts note the bearish sentiment surrounding Bitcoin following renewed selling pressure linked to U.S.-China trade disputes.

As of 12:10 PM IST, Bitcoin has decreased by 1.5% to reach $97,808, while Ethereum has increased by 1.3%, hitting $2,747. The global cryptocurrency market capitalization has also fallen by 0.44%, now standing at approximately $3.22 trillion within the last 24 hours. This downturn is attributed to rising tensions in trade relations between the United States and China, sparking renewed selling pressure in Bitcoin.

The cryptocurrency market is characterized by its volatility, where prices can fluctuate drastically within short time spans. Investors must stay informed to navigate these changes effectively. Recent developments indicate that trading sentiments are heavily influenced by geopolitical events, particularly the trade tensions that have resurfaced between major economies like the U.S. and China.

In summary, Bitcoin remains under pressure, having slipped below the $100,000 mark amidst growing trade concerns. While Ethereum shows some resilience with gains, the overall market demonstrates mixed performance. Investors are advised to maintain vigilance as market dynamics continue to shift in response to external economic factors.

Original Source: m.economictimes.com

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