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BTC Dips Further as Trump Reacts to Failed Peace Talks With 50% Tariff Threat Against China

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The meeting went well but both parties couldn’t agree on the nuclear matter, which is “the only point that really mattered,” said Trump.

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Summarize with AI


Summarize with AI

Bitcoin’s price slipped once again in the past few hours as US President Donald Trump made his first comments on the tension in the Middle East after the failure of the peace talks.

In a post on his social media platform, the POTUS said the meeting “went well” as most points were “agreed to,” besides the most important one: nuclear. He also warned that the US Navy will “begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz.”

In a separate post, he blamed Iran for failing to reopen the Strait despite promising to do so, which “caused anxiety, dislocation, and pain to many people and countries throughout the world.”

Separately, Trump warned China and other countries that might be aiding Iran with weapons that the US will impose a 50% tariff if proven so.

Bitcoin’s price had already felt the consequences of the failed peace talks that took place on Saturday. As reported earlier, the asset fell by over two grand in minutes after US Vice President JD Vance announced that both parties didn’t reach an agreement.

After Trump’s social media posts went viral, the cryptocurrency fell further, dipping to a multi-day low of under $71,000. More volatility is expected later tonight when the legacy futures markets open, especially those that focus on oil.

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Source: https://cryptopotato.com/btc-dips-further-as-trump-reacts-to-failed-peace-talks-with-50-tariff-threat-against-china/

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