news 
U.S. China Trade War Tensions Rattle Global Markets, Crypto Emerges as Safe Haven
The ongoing trade war tensions between the United States and China have sent shockwaves through global financial markets, causing unprecedented volatility. In this uncertain environment, cryptocurrency markets have emerged as a safe haven for investors seeking refuge from market turmoil.
As trade negotiations remain stalled, concerns about decoupling from China have been amplified by top business leaders such as Jamie Dimon, CEO of JPMorgan Chase. The implications of interrupted global supply chains and potential inflation in the United States are significant enough to warrant careful consideration.
As a result, major stock indexes like the Dow and S&P 500 have continued to experience sharp fluctuations, with no immediate relief in sight. In response, institutional investors have turned to cryptocurrency markets for shelter from the storm.
According to recent data, Bitcoin whales have accelerated their accumulation pace, mirroring patterns seen during the pre-2024 March rally. This influx of capital has resulted in more than $467 million worth of BTC being withdrawn from exchanges over the past 24 hours alone.
In an interview with CNBC, renowned trader Peter Brandt cautioned that a reversal pattern may not be entirely valid yet and expressed skepticism regarding short-term price movements. However, some experts suggest that potential consolidation could precede a bullish reversal by the second half of 2025.
It appears that the global trade war tensions have inadvertently created an opportunity for cryptocurrency markets to demonstrate their resilience in times of turmoil.
Source: https://coinpedia.org/news/u-s-china-trade-war-tensions-rattle-global-markets-crypto-emerges-as-safe-haven/
