#MarketPullback ack 📉 Bitcoin drops by 4.46% after Trump's statements.. Is it an opportunity or a coming danger?!
In a surprising move, former US President Donald Trump announced plans to impose additional tariffs on countries that tax American exports. This policy, described as a new "economic bomb", had an immediate and direct impact on the markets, particularly the Bitcoin (BTC), which saw a drop of -4.46% to reach a level of $103,701.
🔍 What caused this sudden decline?
According to an analysis from Binance Square, these potential trade tensions may raise widespread concerns about global market volatility. Under these circumstances, investors tend to avoid high-risk assets, which reflects on cryptocurrencies, especially Bitcoin.
🚀 But is the drop permanent? Or an opportunity for smart buying?
🔸 Despite the decline, some analysts believe that this drop is temporary and could represent a golden opportunity for buying before a potential rise.
🔸 Historically, such events have formed a strong starting point for cryptocurrencies after absorbing the initial shock.