Bitcoin Plunges Below $112K as China Retaliates - ETH and DOGE Crash 6% Amid Trade War Escalation
Digital assets face brutal selloff as geopolitical tensions trigger market-wide panic
BITCOIN BREAKS KEY SUPPORT
The flagship cryptocurrency tumbled below the critical $112,000 level - a psychological threshold that traders had been watching for weeks. The sudden drop caught many investors off guard, with leveraged positions getting liquidated across major exchanges.
ALTCOIN CARNAGE ACCELERATES
Ethereum and Dogecoin both got hammered with identical 6% losses, showing no mercy to either blue-chip protocols or meme coins. The correlation suggests this isn't isolated profit-taking but systemic risk aversion gripping the entire digital asset space.
CHINA STRIKES BACK
Beijing's retaliatory measures against U.S. tariffs sent shockwaves through risk assets globally. Crypto markets, being the most sensitive to macroeconomic winds, took the hardest hit initially. Because nothing says 'stable store of value' like a 6% daily swing on geopolitical headlines.
TRADERS FACE RECKONING
The sudden downturn serves as a brutal reminder that in crypto, fundamentals can be overruled by geopolitics in minutes. Those who forgot that basic lesson are now learning it the expensive way - the only education Wall Street still provides for free.
