Today, Bitcoin moved noticeably after Trump's statements about imposing increased tariffs on countries that tax American exports. The price reached around $107,590 and then rose again above $108,900, showing how quickly the market reacts to political news.
Trump's decision created a state of concern because any new trade war means pressure on the dollar and global trade in general. Many people started selling risky assets, which is the main reason for Bitcoin's drop in the early hours after the announcement.
However, at the same time, another group of investors saw that if inflation increased and the dollar was affected, Bitcoin would become a hedge against the erosion of purchasing power, so they quickly started buying again, which brought the price close to $109,000.
Today's movement of Bitcoin indicates that it has become very sensitive to any significant political or economic news. Investors need to be ready for strong fluctuations, especially if Trump continues to pressure global trade in this manner.
If the situation continues like this, we can expect to see sharp waves of buying and selling in the coming period. Anyone intending to enter the market should closely follow the statements because any decision could suddenly move prices.
In the end, Trump's policies today were a major reason for Bitcoin's noticeable volatility and increased the level of risk for investors.
