The prices of most cryptocurrencies have fallen on the secondary market due to the instability of the market after the US began a trade war against its main trading partners. Despite this, Bitcoin remained stable, trading around the $50,000 mark.
Many investors have expressed concern about the impact of US decisions on the global economy, which led to an increase in uncertainty in the cryptocurrency market. Specialists note that such geopolitical events usually activate interest in Bitcoin.
"We see geopolitical risks that typically support Bitcoin. This is a time when people begin to evaluate the long-term significance of Bitcoin," noted one analyst.
Some altcoins, such as Ethereum and Binance Coin, also show price declines. However, investors are hopeful that positive factors, such as increased interest in cryptocurrency and the introduction of institutional investments, will help the cryptocurrency market recover after the current decline.
