Bitcoin Price Subdued as ‘Trump Always Chickens Out’ Backlash Looms

On Monday, Bitcoin held its soil above $ 104,000, despite the trade tension of the USA and the tariff drama guided by the court court that withdrew global markets.

Last Friday, US President Donald Trump accused China of violating the Pauzing Tariff Escalagenam Agreement and announced Flight into import tariffs on steel and aluminum, from 25% to 50%, in effect 4. June.

Stanka encouraged “Trump always drank“Meme and his acronym taco. The president seemed eager to prove his critics wrong.

During A. Campaign At the American Celic Factory in West Mifflin, Pennsylvania, Trump said that the tariff hiking “would further secure the steel industry in the United States”, while the contract between Nippon Steel will be a US Steel as a victory for US workers.

Geopolitical whip has launched almost $ 1 billion crypto liquidation, according to Update QCP Capital -Au Monday.

Blackkck’s Ishares Bitcoin Trust Etf, Fresh Off a Record the 34-day appendixrecorded $ 430 million in the cast of May 30, according to Far investor data.

However, the BTC remained composed, signaling the reset of influence, not the panic of the investor.

At the moment, Bitcoin The $ 104,158 is traded, which is a slight increase of 0.1% in the past 24 hours, according to Coingecko data.

“Risk reverses began to normalize … [and] The perpon financing has become straight, “QCP wrote, suggesting muffled short -term prices changes.

The institutional interest did not reduce the eithe; Japanese Metaplanet added another $ 114 million in BTC post-selloff, FROM ATTENTION TO 8.888 BTCIt is worth more than $ 925 million.

The QCP was related to the acronym taco, which became popular among Trump’s critics, but noted that escalation on Friday indicated that it might aim to defy that perception.

Without major policy catalysts before July 8, BTC can remain between $ 100 and $ 110,000, QCP noted, citing large open interest rates at those levels.

Arthur Azizov, founder and investor in B2 Ventures, said Decipher that the tariff titles contributed to the market jerk, but not to the structural shift.

Aziz’s Tariff called “likely to launch a market volatility, especially in risky property such as cryptocurrencies,” but he added: “This does not necessarily mean that we will see a sharp immediate fall of bitcoin or other digital currencies.”

“Over time, we have already seen more titles about tariffs, their delays, turns and changes in politics-it caused a swing on the market, but for long-term investors made a big difference in the big picture,” said the expert.

China responds to Trump’s claims

On Monday is the Chinese embassy in Washington Published a statement From the Chinese Ministry of Trade on X, calling Trump’s claims “unfounded” and warning of “strong measures” in response.

The ministry said China supported the Geneva Agreement, while the US implied “discriminatory” actions, including prohibitions of AI chips, visa recall and software limitations.

China is the world’s largest steel exporter but sends a little to the US because of a 25% of tariffs imposed in 2018. In third place is in the aluminum supply, which makes a new 50% tariff with a direct impact.

Federal Appeal Court temporarily Returned Tariffs of Trump’s era May 29 pauses The Commercial Court’s judgment This blocked them as unconstitutionally.

On Sunday, Trump claims about the truth socially If the judges would rule against his tariff powers, “would allow other countries to hold our nation as hostage to their anti -American tariffs.”

Edited Stacy Elliott.