Bitcoin, ether drop as US-China tensions flare up, erasing Monday’s gains
BTCUSD
−0.90%
ETHUSD
−0.51%
By Gertrude Chavez-Dreyfuss
Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump’s conciliatory trade remarks.
The U.S. and China on Tuesday began charging additional port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world’s two largest economies.
