China's new 10% tariff on US crude oil and agricultural machinery, along with additional tariffs on coal and LNG, has intensified the US-China trade war, affecting global markets, including cryptocurrencies. While initial reactions were negative, some analysts like The Crypto Lark Davis argue the impact might be limited due to China's relatively low imports from the US.
Contrasting opinions exist among analysts and traders regarding the potential recovery of crypto markets. Andrew Kang warned of Ethereum price drops, whereas Jeff Park at Bitwise Asset Management believes Bitcoin will rise despite short-term volatility. Investors like Robert Kiyosaki remain positive, seeing price drops as buying opportunities. Observers expect continued market fluctuations as the trade war progresses.