Economist Timothy Peterson's simulations using decade-long data suggest BTC has equal odds of surpassing $140,000 or finishing below $136,000 in October. #BTC #cryptocurrency #crypto #Bitcoin
The relationship between President Trump and the cryptocurrency market today is characterized by market volatility linked to his recent trade policy decisions, contrasting with his pro-crypto regulatory agenda.
Here are the key takeaways from today's news:
Crypto Market Sell-off: Cryptocurrency markets, including Bitcoin and Ethereum, experienced a sharp decline and massive liquidations following President Trump's announcement of 100% additional tariffs on Chinese imports and new export controls. This move escalated the U.S.-China trade war, causing widespread uncertainty in financial markets and leading investors to pull capital from risk assets like crypto.
Pro-Crypto Policy Stance: Despite the market reaction to the trade policy, the Trump administration has previously taken several steps signaling a supportive and regulatory-friendly environment for the crypto industry, aiming to make the U.S. the "crypto capital of the world." This includes:
Signing the GENIUS Act into law, which creates a federal regulatory system for stablecoins.
Establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile from forfeited crypto assets.
Signing executive orders to support the crypto industry, including easing restrictions on holding crypto in 401(k) retirement accounts and addressing "debanking" issues.
Appointing officials who are generally viewed as pro-crypto and forming an SEC "Crypto 2.0" task force to create a clearer regulatory framework.
Trump-Themed Memecoin: A memecoin associated with Donald Trump, $TRUMP, has also seen significant volatility, including a drop after the recent tariff announcement.
#TrumpTariffs #BinanceSquareTalks #TrumpTariffs #Crypto Market Turbulence #TrumpTariffs The announcement of new, substantial tariffs by the Trump administration against Chinese imports, paired with corresponding export controls, triggered a swift and dramatic decline across the cryptocurrency market. The geopolitical escalation led to an immediate "risk-off" sentiment globally, mirroring sharp drops in traditional equity indices. Critically, the event caused one of the largest single-day liquidations in crypto history, wiping out billions in leveraged positions as Bitcoin plummeted below key support levels. Altcoins generally suffered steeper losses than Bitcoin, reinforcing the view that they are highly sensitive risk assets. While the short-term impact was overwhelmingly negative due to market uncertainty, some analysts view the swift correction as a cleansing event that sets the stage for longer-term buying, particularly if the tariffs eventually lead to inflation or sustained macroeconomic instability.