Having dropped 2.68% in the past 24 hours at the time of writing, BTC ranks among the day’s losing assets.
The increasing trade tension ahead of the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this month may have reduced investors’ risk appetite.
Additionally, outflows from crypto ETFs and the Fear & Greed Index falling to 29 may reflect growing market unease. These developments could have contributed to Bitcoin’s continued short-term volatility.
