Bitcoin may face a bull trap due to US-China tensions, potentially causing market downturn

From Cointelegraph

April 10, 2025 6:27 AM:

Bitcoin (BTC) may face a “classic bull trap” due to US-China trade tensions, according to QCP Capital. Market rallies followed Trump’s tariff pause, but China is expected to retaliate, potentially causing a market downturn. Chinese yuan devaluation could drive investors to Bitcoin as a stable, borderless asset amid economic uncertainty.

Read more at Cointelegraph: Crypto trading firm warns of ‘classic bull trap’ as Bitcoin tags $82.7K