Trump Tariff Threats Dey Shake Bitcoin Market
Former President Donald Trump don announce new tariffs for some imports wey go start from August 1, stop all wahala wey people dey talk say e go delay. E talk say dis duty go make money plenty, e come talk bad about trading partners like Russia, South Korea and Germany because of how dem dey spend for defense. E still talk say Jerome Powell wey be Fed Chair make e resign. Trump talk say e fit put 10% tax for BRICS countries and warn against anybody wey wan challenge the power of US dollar. Dis kain trade yeye wahala cause Bitcoin to drop to about $108,390 as crypto matter take mix up. Traders now dey expect Federal Reserve to put tariff risk inside the way dem dey take do monetary policy. Crypto traders suppose look all the main indicators, make their risk management tight and ready for more sharp movement for Bitcoin price.
Bearish
Renewed tariff threats and mounting trade tensions don dey cause market wahala, e make people dey fear risk so dem comot money, this one cause Bitcoin to drop from top level wey e reach recently. For short time, dis kind uncertainty go still make price dey go down and fit make crypto price dey waka up and down anyhow. For long time, traders go dey look how Federal Reserve go take consider tariff wahala for im money policy, dis fit affect how Bitcoin price go dey. Because of all dis, the immediate effect na say Bitcoin price go drop.