Bitcoin's Rollercoaster Ride: Trump's Tariff Turmoil Sparks Market Jitters
"Analyst Warns of Bitcoin Volatility as Trump Doubles Down on Trade Wars"
The crypto market is bracing for turbulence as U.S. trade policies under former President Donald Trump threaten to derail Bitcoin’s rally. Swyftx’s Chief Analyst, Pav Hundal, warns that Trump’s aggressive tariff moves—including a recent hike on steel and aluminum imports to 50%—could stifle bullish momentum for Bitcoin in the coming months.
Why Tariffs Spell Trouble for Bitcoin
🔥Policy Paralysis: U.S. lawmakers may delay monetary easing until "hard data" justifies action, slowing economic growth and souring investor sentiment.
🔥 Past Precedent: Bitcoin previously tumbled below $100,000 (note: likely a typo, assuming reference to a lower threshold) amid trade war fears, enduring three months of wild swings.
🔥Court vs. Trump: Despite a May 28 ruling by the U.S. International Trade Court declaring Trump’s tariffs "invalid," the ex-president has defiantly escalated trade barriers.
The Silver Lining?
Hundal suggests that resolving tariff uncertainties could propel Bitcoin to $120,000 by June, but the path remains fraught with political risk.
Market Watch: Will Trump’s trade wars crush crypto’s comeback—or will Bitcoin defy the odds once again?
