Bitcoin Volatility Intensifies as U.S. Tariff Policy Shifts Loom
Mixed signals from the Trump administration on technology tariffs contribute to cryptocurrency turbulence, with Bitcoin trading near critical support levels.
- Bitcoin's price fluctuates between $83,000 and $85,000 as analysts warn of potential liquidations if it falls below $81,000.
- President Trump clarified that some electronics are temporarily exempt from a 10% tariff but will remain subject to a separate 20% levy tied to national security concerns.
- Commerce Secretary Howard Lutnick announced additional sector-specific tariffs on electronics to be introduced within two months, heightening market uncertainty.
- Traditional equity markets show resilience, with Nasdaq 100 and S&P 500 futures rising, contrasting with ongoing volatility in cryptocurrency markets.
- The global cryptocurrency market saw $340 million in liquidations over the past 24 hours, reflecting cautious sentiment and increased market pressure.