Bitcoin Jumps as Escalating Trade War Sparks Safe-Haven Run

Bitcoin scaled a fresh session high on Monday as tit-for-tat trade tariffs by the United States and China bruised global stocks and boosted demand for perceived safe-haven assets.Global mkts slumping amid trade gloom. New tariffs were announced by both China & US. Trump cited his authority under IEEPA (trade war nuclear option) to order firms to cease doing business in China. Yuan sinks. US 10y ylds at 1.46%, lowest since 2016. Gold $1542, Bitcoin $10.3k. pic.twitter.com/qObucw1ncE
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