-85% p.a.
bt_headshoulder_aapl_returnopt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -85 Days active 427 …
tickers: BTC-USD
source: Decrypt.co
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| BTC-USD | positively | Bitcoin, as represented by the ticker BTC-USD, as will act as a safe haven for investors due to tariff increases depend on how investors interpret Trump’s tariffs and their potential impact on global trade and markets. Uncertain economic conditions and inflation fears fuelled by Trump’s trade policies could drive investors to view Bitcoin as a hedge against these uncertainties, potentially leading to a positive effect. They see it as a potential price explosion, regardless of the cause as they change their investment |
our strategies and bots using these tickers
summary
Bitcoin Sinks Further as Tariff Fears Wipe Out Trump ‘Reserve’ Gains
The price of Bitcoin dipped below $82,000 on Tuesday, erasing recent gains as President Trump’s 25% tariffs on Mexico and Canada were implemented. Bitcoin has since slightly recovered to a current price of $83,740, but it remains down 7% for the day and nearly 16% over the last month. The U.S. commenced imposing extensive tariffs on imports from its two largest trading allies shortly after midnight, according to a draft public notice issued Monday. Concurrently, Trump doubled tariffs on Chinese imports to 20%. Within the cryptocurrency sphere, Trump’s intensified trade war has sparked volatility as market participants assess the potential impact on risk assets widely. Some economists caution that Trump’s tariffs could fuel inflation, while others believe they could stimulate economic growth. In response, China announced up to 15% tariffs on certain U.S. goods, while leaders in Mexico and Canada pledged similar retaliatory measures. Bitcoin had surged to as high as $94,800 on Sunday following Trump’s calls for a “crypto strategic reserve,” but escalating trade tensions have since wiped out those gains. Ethereum and Solana’s prices also climbed but have since retraced the so-called “Trump bump.” At around 12pm ET, Bitcoin, Ethereum, and Solana had decreased by 7%, 8.5%, and 12.5% respectively, to $83,740, $2,080, and $137.50, according to data from CoinGecko. They faired relatively better than the wider crypto market, which had declined more than 9% over the past 24 hours to $2.86 trillion. Uncertainty surrounding Trump’s tariffs was also evident on Wall Street, with the S&P 500 falling 1.3% on Tuesday. The previous day, the index had turned negative for the year, currently showing a 2.22% year-to-date decline.
