Bitcoin $112,758.61 price It fell below $111,000 immediately after the announcement. Instead of softening the tone, Trump just took it to the top again cryptocurrency It rightfully panics investors. If concrete steps start to be taken, this may bring worse surprises in crypto.
Cryptocurrencies Last Minute
Trump was making a statement at the time the article was being prepared and said, “WE ARE IN A TRADE WAR WITH China.” This statement, which was similar to the tone we saw in his statements last week, caused the BTC price to rapidly lose hundreds of dollars. Donald Trump last Chinese He thinks export restrictions have crossed out all negotiations. Today, the US Trade Representative also made statements in this vein.
Although Treasury Secretary Bessent said, “We will not feel obliged to make a deal because the markets are falling,” this was a statement emphasizing that “a deal will be made for the interests of the United States, not because the markets are falling.” He also blamed the Chinese Deputy Minister of Commerce, implying that all these “extreme” steps may have come from his control and that Xi may not have such an intention. Statements in the coming days and hours will continue to increase volatility in cryptocurrencies, especially as Trump sharpens his tone and talks continue.