{"id":22876,"date":"2025-04-09T15:54:18","date_gmt":"2025-04-09T12:54:18","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-retreats-to-76000-following-chinas-response-to-us-tariffs\/"},"modified":"2025-04-09T15:54:18","modified_gmt":"2025-04-09T12:54:18","slug":"bitcoin-retreats-to-76000-following-chinas-response-to-us-tariffs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-retreats-to-76000-following-chinas-response-to-us-tariffs\/","title":{"rendered":"Bitcoin Retreats to $76,000 Following China&#8217;s Response to US Tariffs"},"content":{"rendered":"<p>On April 9, official Beijing increased tariffs on US goods <a href=\"https:\/\/gss.mof.gov.cn\/gzdt\/zhengcefabu\/202504\/t20250409_3961684.htm\">from 34% to 84%<\/a> after Washington began imposing a 104% rate on imports from China. In this context, the price of digital gold fell back to $76,000.<\/p>\n<p>At the time of writing, the daily decline rate had intensified to 4.6%. The leading cryptocurrency is trading at $76,400.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1067.webp\" alt=\"2-1067\" class=\"wp-image-256219\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Ethereum has dropped to $1450, with the rate of decline increasing to 8.4%. For other top-10 cryptocurrencies by market capitalization, this parameter varies from 2.1% to 9.1%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1503.webp\" alt=\"1-1503\" class=\"wp-image-256220\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>The Tariff Commission of the State Council under China&#8217;s Ministry of Finance called the US actions &#8220;unilateral&#8221; and &#8220;bullying.&#8221; The agency accused Washington of violating international trade rules and undermining global economic stability.<\/p>\n<p>Bernstein had previously <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-praises-bitcoins-resilience-amid-tariff-turbulence\">described<\/a> Bitcoin&#8217;s resilience amid tariff turbulence as &#8220;impressive.&#8221;<\/p>\n<p>Earlier, former BitMEX CEO Arthur Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness\">stated<\/a> that new US tariffs could trigger a capital flow into digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 9, official Beijing increased tariffs on US goods from 34% to 84% after Washington began imposing a 104% rate on imports from China. In this context, the price of digital gold fell back to $76,000. At the time of writing, the daily decline rate had intensified to 4.6%. The leading cryptocurrency is trading [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1224],"class_list":["post-22876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22876"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22875"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}