Bitcoin falls to a 12-day low, cryptocurrency market evaporates $200 billion in 48 hours

ChainCatcher news, according to CryptoPotato citing data from CoinGecko, the cryptocurrency market has lost about $200 billion in the past two days, with the market cap dropping to $3.36 trillion.

As tensions between China and the U.S. escalate, the price of Bitcoin has fallen to a multi-week low after recently reaching a high of nearly $112,000, now slightly above $103,000.

After U.S. President Donald Trump proposed new tariffs on the European Union, the Eurozone economy began to decline, further exacerbated by his accusations against China for violating trade agreements.