Trump’s Tariff Policy Triggers Market Uncertainty and Bitcoin Price Decline
U.S. President Donald Trump’s new global tariff policy includes a base tariff of 10% on all countries, with specific punitive measures for non-compliance, especially targeting the EU and Japan. The announcement caused Bitcoin’s price to drop significantly, reflecting market uncertainty. Industry analysts warn that Bitcoin may continue to decline and emphasize the need for a critical technical rebound to restore positive momentum.
In a recent live address, U.S. President Donald Trump announced a new global tariff strategy, implementing a base tariff of 10% applicable to all countries. He detailed specific tariffs targeting nations based on their trade practices, anticipating that foreign leaders will cease tariffs against the U.S. and increase imports of American products.
For countries that do not comply, President Trump plans to impose retaliatory measures at half the rate of existing customs duties, also factoring in non-monetary trade barriers. Notably, the European Union will incur a 20% tariff on goods from its member states, while Japan will face a 24% tariff.
Initially perceived as a moderate measure, the implications of the tariffs prompted a swift market reaction, resulting in a drop in Bitcoin’s value. Following President Trump’s announcement, Bitcoin’s price fell from a previous high above $87,000 to approximately $86,500.
In contrast, Tokyo-based investment firm Metaplanet has actively pursued Bitcoin acquisitions, adding 160 BTC at a cost of around $13.3 million. Analysts suggest that the downward trend in Bitcoin’s value may endure longer than anticipated, drawing parallels to the 2022 bear market.
As April approaches, Bitcoin’s future remains uncertain, with investors displaying caution due to unclear indicators for a potential rebound. A prominent cryptocurrency analyst underscores the necessity for Bitcoin to reclaim a critical technical level to regain bullish trends.
The recent announcement by President Trump regarding the universal tariff plan has significantly affected financial markets, notably leading to a decline in Bitcoin’s value. As countries brace for heightened tariffs and the cryptocurrency market responds to heightened uncertainty, investors remain cautious. The continuing trend may reflect broader market conditions reminiscent of previous downturns, impacting expectations for Bitcoin in the upcoming month.
Original Source: cryptodnes.bg
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