Bitcoin (BTC) fell sharply following President Donald Trump's announcement of a tariff package against dozens of countries, returning to the level of US$ 82 million. Previously, the cryptocurrency had risen and reached US$ 87 million, but was unable to maintain the optimism.
The tariffs, although less aggressive than expected, create a scenario of unpredictability and insecurity, which is likely to keep prices volatile in the short term. Trump announced a minimum tariff of 10% for all exporters to the U.S. and additional fees for about 60 nations with significant trade imbalances.
Ben Kurland, CEO of DYOR, stated that markets are likely to decline in the short term due to policy-driven volatility, not the tariffs themselves. Additionally, other cryptocurrencies also recorded negative performances, such as Solana, which lost 8%, and Dogecoin and Cardano, which each lost more than 5%. #Trump #bitcoin