STOCKS DOWN YET BITCOIN SKYROCKETS AMIDST US-CHINA TRADE WAR
May has started off on an extraordinary run for Bitcoin (BTC); we have seen the price of the cryptocurrency skyrocket to above $8,100 USD. On Friday 10th May 2019, President Trump’s administration team raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 per cent. Trump has also announced that he is ready to impose 25 per cent on yet another $300 billion worth of Chinese goods. As a direct result of this, the Dow Jones Industrial Average (DJI) has dropped more than 590 points, with Apple down 5 per cent on the day of the …
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