CoinDesk Podcast Network COINDESK DAILY: Bitcoin Pulls Back After China Announces Retaliatory Tariffs
Apr 4, 2025
The podcast delves into the fallout of China's announcement of 34% tariffs on U.S. imports and its immediate impact on Bitcoin, which sees a significant pullback. It examines how these trade tensions contributed to a dramatic drop in market confidence, with the Nasdaq suffering its worst day in decades. Additionally, there’s exciting news about Binance co-founder CZ advising Kyrgyzstan on enhancing their blockchain technology, signaling a push towards digital innovation amidst economic uncertainty.
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