[Market] China's "will oppose the (U.S.) tariff war to the end" hardline stance... Bitcoin gives up 114,000 dollars

Bitcoin (BTC) fell below 114,000 dollars during trading. It appears that concerns about deteriorating relations are growing due to China's Ministry of Commerce's hardline stance on U.S.-China trade talks.

As of 11:43 a.m. on the 14th (Korea time), Bitcoin was trading at 113,999 dollars on Binance, down 1.14% from the previous day. At the same time, Ethereum (ETH) also gave up the 4,200-dollar level.

That day, Bitcoin and Ethereum seemed to have somewhat recovered from the sharp weekend declines, but investor sentiment is analyzed to have worsened after China's Ministry of Commerce stated, "will oppose the (U.S.) tariff war to the end."

The Ministry said it had notified the U.S. in advance regarding rare earth export control measures and that the two countries had finalized working-level consultations. The Ministry also criticized the U.S., saying that while requesting dialogue it was simultaneously "threatening and imposing new sanctions" and that "the U.S. must correct its actions and show sincerity."