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[Market] China's "will oppose the (U.S.) tariff war to the end" hardline stance... Bitcoin gives up 114,000 dollars
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- It reported that Bitcoin fell below 114,000 dollars, down 1.14% from the previous day.
- China's Ministry of Commerce's hardline stance and concerns over worsening U.S.-China trade talks negatively affected investor sentiment.
- Ethereum also gave up the 4,200-dollar level, breaking the weekend recovery.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) fell below 114,000 dollars during trading. It appears that concerns about deteriorating relations are growing due to China's Ministry of Commerce's hardline stance on U.S.-China trade talks.
As of 11:43 a.m. on the 14th (Korea time), Bitcoin was trading at 113,999 dollars on Binance, down 1.14% from the previous day. At the same time, Ethereum (ETH) also gave up the 4,200-dollar level.
That day, Bitcoin and Ethereum seemed to have somewhat recovered from the sharp weekend declines, but investor sentiment is analyzed to have worsened after China's Ministry of Commerce stated, "will oppose the (U.S.) tariff war to the end."
The Ministry said it had notified the U.S. in advance regarding rare earth export control measures and that the two countries had finalized working-level consultations. The Ministry also criticized the U.S., saying that while requesting dialogue it was simultaneously "threatening and imposing new sanctions" and that "the U.S. must correct its actions and show sincerity."
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