💥The cryptocurrency market continues to closely monitor significant changes in monetary policy. The unexpected price spike was triggered by U.S. President Donald Trump's easing of tariffs on certain products sourced from China. In particular, Bitcoin surprised investors by reaching $86,000 after an eleven-day stagnant period.
TRUMP'S MOVE TRIGGERED A NEW WAVE IN THE CRYPTO MARKET
According to sector data, the price of Bitcoin reacted positively to announcements of some changes in U.S. trade policies, temporarily reaching the $86,000 level. This marked the highest value in the last 11 days. However, due to low trading volume (liquidity) in weekend markets, the price later fell below $84,000. Despite all these fluctuations, Bitcoin recorded an approximately 7% increase on a weekly basis and showed signs of recovery from its lowest levels in five months.
Market analysts are approaching the current price strength with caution. Some experts point out the struggle of the price around the 200-day exponential moving average level of approximately $85,000. Analysts warn, "This movement may remain a weekend movement for now. Next week could again be volatile with new news related to trade policies and earnings reports from major tech companies." Other market commentators described the current recovery as "more of a corrective movement rather than an impulsive rise." Additionally, it is noted that overcoming the long-standing daily downward trend is an important obstacle that needs to be addressed.