I have a question to ask all the big shots:
This time Trump imposed a 34% tariff on China
China also didn’t hold back
And retaliated with corresponding tariffs
Trump wants Powell to cut interest rates
Old Powell doesn't care about him at all
As a result, the market is in mourning
The US stock market crashed
Even gold dropped
However, Bitcoin actually rose
Although the increase wasn't much
But compared to the 5-10% drops in US stocks and gold
Bitcoin, a splash of red among the sea of green,
Is quite unique
I haven’t read much, can anyone explain why Bitcoin didn’t drop but instead increased???