Cryptocurrencies Plunge Amid Rising Global Tensions
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BTCCSquare news:
Cryptocurrency markets faced significant volatility this week as geopolitical tensions between the U.S. and China escalated. The downturn, triggered by macroeconomic uncertainties, mirrors patterns seen during previous trade disputes. U.S. Treasury Secretary Bessent highlighted China's strategic focus on rare earth elements, a MOVE that could further strain relations.
Market sentiment soured rapidly, with losses accelerating after warnings from Chinese officials. The absence of common ground in trade negotiations has left investors bracing for prolonged instability. Rare earth supply chains, critical for technology and defense sectors, now emerge as a flashpoint in the economic standoff.
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