Bitcoin Drops to $98,500 as China Imposes Tariffs on U.S.

During Asia trading hours on Tuesday, Bitcoin and Nasdaq futures experienced selling pressure due to China's retaliatory tariffs against the U.S.

China imposed a 15% tariff on U.S. coal and LNG.
A 10% tax was applied to crude oil, agricultural machinery, pickup trucks, and large-engine cars.
The tariffs followed U.S. President Trump's new 10% tariffs on China.
China launched an antitrust probe into Google and added PVH Corp and Illumina to the unreliable entities list.
Bitcoin's price fell from over $102,000 to $98,500 amidst these developments.
Nasdaq futures declined by 0.6%, while the dollar index garnered safe haven interest.