Recent Political and Economic Developments Under Trump and Their Impact on $BTC

📊Trade Conflicts and Economic Policies 📰

The Trump administration has imposed new tariffs, escalating trade tensions. U.S. tariffs on Canadian aluminum and steel rose to 50%, threatening the auto industry, while Trump demanded Canada remove high tariffs on U.S. dairy, warning of further auto import duties. These moves triggered stock market declines. The EU retaliated with tariffs on American goods like whiskey and motorcycles, deepening trade conflicts.

🌎 Geopolitical Developments 🌎

A U.S.-Ukraine deal in Jeddah, Saudi Arabia, saw the U.S. resume military aid while Ukraine agreed to a resource deal and a 30-day ceasefire, pending Russian approval. Russia’s response remains.

-- >>> 📊Impact on Bitcoin📊

Bitcoin hit a record $100,000, driven by optimism over Bitcoin spot ETFs and Trump’s pro-crypto stance, pushing the total crypto market to $3.5 trillion. However, volatility followed: Bitcoin fell to $76,867 before recovering to $80,000, fueled by market-wide selloffs and disappointment over Trump’s Bitcoin reserve plan, which lacked direct government purchases.

Additionally, Bitcoin ETFs saw record outflows of $3.3 billion in one month, accelerating declines as institutional investors rebalanced portfolios.

📊Current Bitcoin Statistics

As of March 7, 2025, Bitcoin’s circulating supply is 19.83 million BTC, with a market cap of $1.73 trillion. Bitcoin is priced at $87,179.14, down 14% in 2025 and 26% below its all-time high.

🧐🧐Conclusion

Trump’s economic and crypto policies have reshaped markets. Trade conflicts have strained global relations, while crypto-friendly policies boosted Bitcoin adoption but increased volatility.

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