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US Postal Service Halts China Shipments: What It Means for the Crypto Market

The increasing fear that has been driving the US market, since President Donald Trump focused on Tariff trade wars to help deliver on his campaign promises, has trickled down to the crypto market. The Bitcoin’s fear and greed index has dropped from over 70 percent, denoting greed, to around 50 percent, suggesting rising fear of further capitulation ahead.

As Coinpedia reported, Bitcoin price faces a potential drop to the support level of around $91k again after being rejected above $102k in the last two days. With the altcoin industry already showing a higher positive correlation with Bitcoin’s price action, it is safe to assume that the entire crypto market faces further short-term weakening.

US Postal Service Halts China Shipments: What It Means for the Crypto Market

The increasing fear that has been driving the US market, since President Donald Trump focused on Tariff trade wars to help deliver on his campaign promises, has trickled down to the crypto market. The Bitcoin’s fear and greed index has dropped from over 70 percent, denoting greed, to around 50 percent, suggesting rising fear of further capitulation ahead.

As Coinpedia reported, Bitcoin price faces a potential drop to the support level of around $91k again after being rejected above $102k in the last two days. With the altcoin industry already showing a higher positive correlation with Bitcoin’s price action, it is safe to assume that the entire crypto market faces further short-term weakening.
https://coinpedia.org/news/us-postal-service-halts-china-shipments-what-it-means-for-the-crypto-market/