Fed Chair Jerome Powell’s comments on employment risks could lift bitcoin. Following historic losses due to US-China trade tensions, cryptocurrency investors struggle. Bitcoin’s recent surge, fueled by rate cut expectations, outperforms S&P 500. Geopolitical tensions highlight asset fragility. Leveraged bets and panic selling worsen crypto plunge. Uncertainty over trade conflicts hinders market recovery. Trade diplomacy success could bring stability.

Read more at Yahoo Finance: China’s retaliation cements a bitcoin reset