In 2017, when #Trump's first term began, he threatened the whole world with tariffs, that is, customs duties, and a turbulent period occurred, which increased inflation in the world. Gold and $BTC were also demanded as protection against inflation at that time. However, when Trump announced new tariffs during this period, bitcoin and crypto markets reacted exactly the opposite, that is, they reacted with a decline to the possibility of tariffs increasing inflation. This first reaction became a reference movement for traders and markets for the possible direction. I think the reason for this is that the US now dominates the crypto markets more, while China and Asia used to dominate. Both ETFs and large companies adding bitcoin to their portfolios were factors in this, you decide whether it was good or bad. Turbulent days are ahead, but for now, the 100,000 important support for bitcoin is still working.

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February 01, 2025 at 7:51 PM
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