Samsurzzaman Molla
@londonboy
248 Following
30 Followers
0 reply
0 recast
0 reaction
US President Donald Trump made some big moves on the Trade War scene that he started, which led to substantial volatility in the cryptocurrency markets all week. Let’s unpack.
After last week’s ‘Liberation Day,’ in which the POTUS announced taxes on all countries of at least 10%, while many big partners got higher percentages, bitcoin’s price went on a rollercoaster that only worsened in the past five trading days.
The weekend was sluggish, during which BTC spent trading sideways at around $82,000 and $84,000. However, the asset started to lose value on Sunday evening and Monday, especially, when it dumped to a five-month low of just over $74,000.
After an unsuccessful recovery attempt, BTC dropped once again to those levels on Wednesday as Trump warned China that he would raise the tariffs against it to 104% if Beijing didn’t retract its own retaliation taxes. 0 reply
0 recast
0 reaction
0 reply
0 recast
3 reactions
1 reply
0 recast
2 reactions
0 reply
0 recast
4 reactions
0 reply
0 recast
2 reactions
0 reply
0 recast
5 reactions