C) is trading at $96,780 (approximately 14.73 million yen), down 1.51% from the same time the previous day. The administration of US President Donald Trump imposed a 10% tariff on all Chinese imports from the previous day.
The World Trade Organization (WTO) said on the 5th (local time) that China had initiated the dispute in response to new tariffs imposed by the United States on Chinese products.
According to a statement posted on the WTO website on the same day, China has requested dispute consultations with the WTO regarding the new US tariff measures.
The market has been in turmoil for days due to the aftermath of President Trump's tariffs, and investment sentiment has also worsened. On this day, the cryptocurrency fear and greed index was in a "neutral" state at 49 points.
Compared to the previous day, investment sentiment has worsened. The fear and greed index is a number ranging from 0 to 100 that indicates investment demand in the cryptocurrency market. The closer to 100, the greater the demand.
Meanwhile, some have suggested that President Trump's tariffs could further increase Bitcoin's attractiveness.
On the 5th (local time), The Block reported that research by European digital asset management company CoinShares
"The dollar has lost influence over time, and the use of Trump's International Emergency Economic Powers Act (IEPA) has been a major factor in the dollar's decline," said James Butterfill, a senior author of the report.
"These things can make Bitcoin look more attractive."
2025/02/06 12:56 KST
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