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Bitcoin

Trump’s tariff threats came out of bitcoin momentum: Santim

Last week, the Bitcoin Rally collided with heads with geopolitical turmoil, as US President Donald Trump returned to the threats of customs tariffs, and this time aimed at the European Union (European Union).

This step has achieved fluctuations in the market from its highest level (ATH) after BTC came a few hundred dollars in flights over $ 112,000. It has been calm since then, as a side has traded about 109,500 dollars, as traders weigh the implications for the European Union’s commercial tensions.

A tariff of injury

In early April, the BTC price fell to about $ 82,000 after Trump announced a set of tariff measures that affect commercial partners in the United States. The President claimed that new taxes are necessary to correct the deficit between the United States and other countries. At that time, the European Union was exposed to a 20 % tax on exports to the United States

A few days later, Trump was in it again, walking long distances against Chinese imports to 104 %. Its actions pushed BTC to a decrease, with a decrease in cryptocurrency to $ 74,600 and the destruction of encryption trading exceeding $ 287 million.

However, about 24 hours later, the White House announced that more than 75 countries contacted the United States for tariffs, which prompted Trump to reduce taxes to 10 %, although products from China have suffered from an increase to 125 %. Good news was given Bitcoin a leg of about $ 82,000 from about $ 77,000.

With the closure of the first week of May, news appeared that the United States and China were planning high -level trade conversations to settle their differences. BTC reports sparked work, which helped him beyond $ 97,000 from less than $ 94,000.

Soon after, it exceeded 100,000 dollars, supported by reducing geopolitical tensions, funds circulating on the stock exchange, and increasing institutional demand. On May 22, a new King Cryptocurrency ATH registered, where market monitors expected to move to the next teacher quickly.

However, again, Trump threw a age in business, and announced a 50 % tariff on European Union goods on May 23 due to the suspended negotiations. BTC immediately decreased by 4 % to $ 107,500, and ALTCOINS clouds such as Monero (XMR) and hyperlessuid (Hype) decreased 5.5 % and 3.5 %, respectively.

The social media, followed by the Santiment Analysis Company, reflected, as retail traders of Altcoins and “tariff” mention 300 %, which is the largest increase in the April market.

However, short -term sale was proven. By May 25, the American president stopped the customs tariff, pointing to continuous talks. BTC responded shortly after, as it returned to $ 109,500 for per CONINGKO data.

July 9: The next reflection point

Santint said in the May 27 blog mail This tactic “threat-rich delyle”, which is the distinctive feature of Trump’s commercial strategy, kept the markets fluctuating between fear and cautious optimism.

For investors in Crypto, where fluctuation is already in the scene, this adds another layer of inability to predict. “Analyst Brianck indicated that” it is difficult to deny that digital assets are more intertwined with global Macro’s trends than it was a decade before, when I felt the kars as a real free. “

With the delay in the following tariff decision until July 9, the Bitcoin path near the range is a hostage of political geography. If Trump continues, the repercussions can sneak through stocks, currencies and yes, encryption. Until then, digital asset traders are discovered between technical optimism and the inability to predict political prediction.

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