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>>Bitcoin remains highly unpredictable following Trump's new tariffs, but experts suggest this could be a chance to buy.

Bitcoin remains highly unpredictable following Trump's new tariffs, but experts suggest this could be a chance to buy.

crypthub

1 day ago

Market Volatility and Tariffs

Bitcoin's price experienced significant turbulence, briefly dropping to $102,000 following President Trump’s announcement of tariffs on Chinese imports. This event triggered over $8 billion in market liquidations within 24 hours, significantly impacting leveraged positions. Traders are bracing for continued instability influenced by macroeconomic forces.

Cascading Liquidations and Price Divergence

The speed of the sell-off caught many traders off guard, sending shockwaves throughout the crypto market. Price differences emerged between major exchanges like Coinbase and Binance, demonstrating the severity of the liquidation cascade. Data indicated nearly all downside liquidity was absorbed, concentrating liquidations in a specific price range.

Historical Context and Future Outlook

Past tariff announcements from Trump have previously caused similar market reactions and downturns in Bitcoin’s price. Despite recent volatility, some analysts view this correction as a buying opportunity and a necessary market reset. The long-term outlook for Bitcoin remains positive despite these short-term events.