Crypto retail traders blamed the market dip on Trump’s 100% tariff on China, but analysts say the slump goes deeper. Discussions surged over US-China tensions. Geopolitical events sparked the decline, along with excessive leverage in the crypto market. Bitcoin fell over 10% in 24 hours, with a $102,000 low on Binance.

Developments between US and China will shape crypto traders’ decisions. If Trump-Xi talks improve, sentiment may rise. But if tensions escalate, brace for more pessimistic forecasts. Bitcoin may fall below $100,000. Fear & Greed Index dropped to 27, showing a sharp decline in sentiment after the market crash.

Read more at Cointelegraph: Crypto Traders Show ‘Rationalization’ Behavior’ After Market Plunge