Crypto declines once more as China prepares to impose levies on US products

After China revealed its hostile measures against the United States, including a search into Google and new taxes on American goods, cryptocurrencies fell on Tuesday.

Crypto is still reeling from the international market collapse that resulted in over$ 2.2 billion in foreclosures as a result of investment uncertainty following taxes from the U.S.

The top 10 cryptos excluding stablecoins have reacted negatively to the news with Dogecoin leading losses, down 5.8 %, followed by XRP’s 5.1 % decline. &nbsp,

Bitcoin showed relative resilience, dropping just 1.3 % to$ 98, 934, CoinGecko data shows.

It comes in response to Asia-focused media reports, including the South China Morning Post, which claimed Beijing had announced tariffs on U.S. goods between 10 % and 15 %.

Bloomberg further reported Beijing will impose 15 % levies on coal and liquefied natural gas imports, alongside 10 % tariffs on oil and agricultural equipment from America, effective immediately.

NASDAQ 100 futures have also seen instant reactions, dropping 1.7 % on the day, 8 days before U. S. businesses available. &nbsp,

By later afternoon, future pared costs slightly but remained down 1.2 % for the day, according&nbsp, to information from Yahoo Finance. &nbsp,

Natural gas and crude oil are both experiencing significant price increases, while brass is the only major commodity to experience a modest 0. 35 % increase, while natural gas and crude oil are both experiencing significant declines.

A separate report from Bloomberg reveals that China’s State Administration for Market Regulation ( SAM ) has also launched an antitrust investigation into Google shortly after U.S. tariffs went into effect.

This story is developing and will be updated correctly.