US-China Trade War Fears Escalate, Altcoins Correct The Most

Fears of a new escalation into the US-China trade war are rising again as US Treasury Secretary Scott Bessent stated that trade talks with China have “stalled”. Furthermore, with the US Appeal court reinstating Trump’s “reciprocal tariffs”, the global markets have turned jittery once again. Amid the rising macro uncertainty, the crypto market reacted with altcoin correcting the most. Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) have all corrected 3-6%.