Crypto currency investors turned their eyes to an announcement to be made today at 23.00. US President Donald Trump“The Day of Independence”, including China, Canada and Mexico, including 15 countries, including retaliation tariffs are preparing to bring tariffs. Bitcoin of the decision (BTC) $84,209.08 And altcoinis expected to have sudden and harsh effects on the s. As it is known, at the beginning of the year, Bitcoin, which went above $ 100,000, was stuck at 85,000 dollars during March and this congestion continues. Generally Crypto Money MarketWhile uncertainty continues, it is said that new customs tariffs can trigger both a possible wave of rise and a serious decrease.
Previous customs tariffs shook markets
The US customs tariffs shake not only trade balances but also financial markets. In the last five days, the S&P 500 index decreases over 2 percent indicates that the risk appetite of investors has decreased. Crypto Money Prices Since it has become more dependent on traditional assets in recent years, it is directly affected by these developments.
While both stocks and bonds lose value due to economic uncertainty, the search for a safe harbor is increasing. ADM Investor Services International Chief Economist Marc Ostwaldinvestors reportedly turned to gold to reduce the risk, and crypto currencies move away from the “safe port” status in this period. 18 percent rising since the beginning of the year, gold is once again the favorite of investors.
Bitcoin can shine with the discourse of “digital gold”
Columbia Business School Faculty Member Omid MalekanIn spite of the current table, Bitcoin’s opinion that he will shine in the future by replacing gold. According to him, both the crypto currency market and the customs tariff policies include quite new and complex structures. Although some analysts still see Bitcoin as a technology -oriented risky asset, the digital gold discourse is becoming increasingly strengthened.
Malekan, just like goldBitcoin can play a similar role as he gained value in economic crises. If the uncertainty continues and the US dollar weakens, investors may turn to Bitcoin again. If gold rises with the tariff news, the same scenario Bitcoin may also apply to.
Rise or fall? Expectations for Bitcoin and Altcoins
GRAYSCALE Research Director Zach Pandlthe bad scenario is largely reflected in prices and the worst may be left behind. Pandl underlined that the arrival of customs tariffs to be announced today can create relief in the markets. He also emphasized that corporate investors are still trusting the sector by drawing attention to the public offering of the leading Stablecoin USD Coin (USDC) exporter Circle.
Maple CEO Sid Powell He said that he hopes that the reaction of investors to new customs tariffs may be softer than expected. If a short -term relief in the markets after the announcement, Bitcoin and altcoin‘s a rapid recovery and FOMO (fear of kidnapping) can be experienced. However, according to Powell, the risk of strengthening the US dollar or global economic slowdown is still on the table. In this scenario, the crypto currency market may be impact again.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
