🚨 Bitcoin Dips as Trump Rejects Extension of August 1 Tariff Deadline

📉 Bitcoin's price momentum took a hit today after President Donald Trump announced he has no plans to extend the August 1 trade deadline—a move that's spooked markets and triggered renewed risk-off sentiment.

🔹 Price Action:

BTC rallied to an intraday high of $109,000 before retreating and is now poised to retest the key $108,000 psychological level.

🔹 Why It Matters:

Geopolitical and macroeconomic developments continue to play a critical role in crypto market volatility, especially as Bitcoin increasingly behaves like a macro asset class.

🔹 What to Watch:

Will Bitcoin hold $108K support, or is a deeper pullback ahead if trade tensions escalate?

👉 In a world where politics and crypto markets are increasingly intertwined, how are you positioning yourself?

#Bitcoin #CryptoMarket #DonaldTrump #Macroeconomics #Geopolitics

https://coingape.com/btc-price-drops-as-trump-says-no-plans-to-extend-august-1-tariff-deadline/?utm_source=bnb&utm_medium=coingape