#broccoli How do Trump's new tariffs affect the crypto market? Analysis based on Binance data **
US President Trump recently announced new tariffs that include a base 10% on all imports, with increases of up to 145% on some Chinese goods. This move sparked a wave of volatility in global markets, including the crypto market.
** Impact of tariffs on Bitcoin and digital assets:
1 ** Correlation with traditional markets **: In the first days of the announcement, BTC's value fell by 15% as US indices such as the NASDAQ declined.
2 ** Shift to safe haven: In the long term, investors have begun to view Bitcoin as an alternative to digital gold, especially with rising inflation and a weaker dollar.
3 ** Mining costs: Tariffs could raise the prices of imported mining hardware, increasing the network's centralization and affecting decentralization.
** Data from Binance shows: **
- BTC trading volume surged 25% in 30 days after the announcement, indicating increased demand as a hedge against scams.* - Institutional interest in digital assets is growing as part of a diversification strategy
#TrumpTariffs How do Trump's new tariffs affect the crypto market? Analysis based on Binance data **
US President Trump recently announced new tariffs that include a base 10% on all imports, with increases of up to 145% on some Chinese goods. This move sparked a wave of volatility in global markets, including the crypto market.
** Impact of tariffs on Bitcoin and digital assets:
1 ** Correlation with traditional markets **: In the first days of the announcement, BTC's value fell by 15% as US indices such as the NASDAQ declined.
2 ** Shift to safe haven: In the long term, investors have begun to view Bitcoin as an alternative to digital gold, especially with rising inflation and a weaker dollar.
3 ** Mining costs: Tariffs could raise the prices of imported mining hardware, increasing the network's centralization and affecting decentralization.
** Data from Binance shows: **
- BTC trading volume surged 25% in 30 days after the announcement, indicating increased demand as a hedge against scams.* - Institutional interest in digital assets is growing as part of a diversification strategy Conclusion: **
While tariffs cause short-term volatility, they may strengthen Bitcoin's position as a long-term investment asset amid uncertain trade policy $TRUMP #TrumpTariffs
#TrumpTariffs How do Trump's new tariffs affect the crypto market? Analysis based on Binance data **
US President Trump recently announced new tariffs that include a base 10% on all imports, with increases of up to 145% on some Chinese goods. This move sparked a wave of volatility in global markets, including the crypto market.
** Impact of tariffs on Bitcoin and digital assets:
1 ** Correlation with traditional markets **: In the first days of the announcement, BTC's value fell by 15% as US indices such as the NASDAQ declined.
2 ** Shift to safe haven: In the long term, investors have begun to view Bitcoin as an alternative to digital gold, especially with rising inflation and a weaker dollar.
3 ** Mining costs: Tariffs could raise the prices of imported mining hardware, increasing the network's centralization and affecting decentralization.
** Data from Binance shows: **
- BTC trading volume surged 25% in 30 days after the announcement, indicating increased demand as a hedge against scams.* - Institutional interest in digital assets is growing as part of a diversification strategy Conclusion: **
While tariffs cause short-term volatility, they may strengthen Bitcoin's position as a long-term investment asset amid uncertain trade policy$TRUMP #TrumpTariffs
#BTCBackto100K Analysts suggest a few possibilities after this break:
* Profit-taking and correction. Some expect a near-term price correction as investors take profits.
* Continued bullish momentum: Others believe that strong market support could lead to further upward movement.
Technical Analysis: Some analysts suggest that Bitcoin is trading within a rising wedge pattern, which could signal a continuation of the uptrend, but also portends the possibility of exhaustion. Some expect a break of the wedge resistance level with a target of $100,000
Market Sentiment: The overall sentiment around #BTCBreaks 99K appears to be positive and celebratory, with many watching closely to see if Bitcoin will reach and surpass the $100,000 level.
It should be noted that the cryptocurrency market is highly volatile, and these are just observations and possible scenarios based on current discussions around this event. #BTCBackto100 $BTC