Bitcoin Falls After Trump's China Trade Comments

Bitcoin fell to $110,029 on Tuesday after President Trump criticized China's trade actions. He said China refused to buy American soybeans and threatened to stop cooking oil trade. This caused people to sell cryptocurrencies quickly.

Bitcoin trading went up 33% because many people were selling. Ethereum dropped below $3,900 but recovered later. The total cryptocurrency market lost 2.74% of its value.

Traders lost $690 million in 24 hours. Analysts say Bitcoin must reach $119,000 again to stay positive, or it could fall to $96,530. Stock markets also had problems, with Nasdaq falling 2.21%.