How #TrumpTariffs Trump Tariffs Have Impacted $BTC and What Experts Predict

#TrumpTariffs have been implemented, including a 25% tariff on trade partners Canada and Mexico, a 20% tariff on imports from China, and a 25% tariff on steel and aluminum from all countries, according to Yahoo Finance.

1. Bitcoin Price Decline Due to Tariffs

  • Pre-Tariff Decline:

    • The threat of tariffs caused a sharp drop in cryptocurrency prices in February, driven by fears of trade wars (AP News).

    Bitcoin's Decline:

    • $BTC initially showed resilience compared to other cryptocurrencies but eventually fell under the weight of tariffs.

      By March, Bitcoin's value dropped below $80,000 (BNO).

2. Bitcoin's Unpredictability Amid Tariffs

  • Price Instability:

    • Tariffs have made Bitcoin’s value highly volatile, with major crashes followed by brief rebounds.

    Short-Lived Rebounds:

    • After each decline, $BTC seemed to recover, but the stabilization was often temporary.

    Impact of Uncertainty:

    • The unpredictable nature of tariffs and President Trump’s policies has caused Bitcoin’s price to fluctuate significantly within short timeframes.

Conclusion

  • Ongoing Volatility:
    #TrumpTariffs have added significant uncertainty to Bitcoin’s price, making it harder to predict its movements.

    Expert Predictions:

    • Experts suggest Bitcoin may continue experiencing substantial volatility as long as global trade relations remain unclear and tariff policies evolve.