🚨BREAKING NEWS TODAY🚨
Today, the cryptocurrency market is experiencing strong fluctuations mainly influenced by political and economic developments in the United States:
1. The United States threatens to impose tariffs on the European Union (EU)
The US President unexpectedly proposed a 50% tariff on goods from the EU, causing both the stock market and the cryptocurrency market to react in a chain reaction. Bitcoin immediately fell by about 4%, leading to nearly 300 million USD in leveraged positions being liquidated within just a few hours of today's trading session.
2. Profit-taking after a historic peak
One day after hitting a record high of nearly 112,000 USD, Bitcoin retreated below 109,000 USD due to profit-taking pressure from investors, along with a cautious sentiment amid global political instability. This move also affected other altcoins, causing the “Fear & Greed” index to remain at “Extreme Greed” but with signs of slight weakening.
3. Connection to traditional markets
The decline of major indices such as the S&P 500 and Nasdaq during the morning session (following the new tariff information) further reinforces the “risk-off” sentiment, causing capital to temporarily withdraw from risk assets, including cryptocurrencies. According to statistics, when technology stocks decline sharply, Bitcoin often faces greater selling pressure due to psychological correlations and investment structures of private equity.
4. Short-term response recommendations
• Short-term investors should closely monitor US–EU policy news, especially developments around the tariff package.
• Consider gradually taking profits around resistance levels of 110,000–112,000 USD and restructuring the portfolio if political news continues to escalate.