Was the encryption bull operated?

The American -Chinese trade war took just a dramatic turn. Beijing once again launched a 10 % tariff for Washington on Chinese goods with its anti -import models, and tensions are escalating between the world’s largest economists. While Bitcoin initially benefited when President Donald Trump was a customs tariff for Canada and Mexico, the latest step in China shook the encryption market.

Bitcoin has already decreased 2.66 % today. With geopolitical uncertainty at the highest level ever, the next step for Bitcoin can determine the tone for the coming days.

Let’s divide it.

The story is behind the Trump tariff

On February 1, Trump announced plans to impose a tariff on Canada, Mexico and China. Bitcoin, which started today at 102,398.67 dollars, decreased by 4.64 % between 1 and 2 February as the market reaction was.

However, when rumors spread that Trump may stop the customs tariffs on Canada and Mexico, Bitcoin buyers jumped again, pushing prices up. On February 3, BTC rose by 3.75 %, climbing more than $ 100,000 again.

In addition to optimism, Trump’s approval encouraged an executive order to create a US sovereign wealth fund more investor confidence.

Just as the Bitcoin coin was recovered, the anti -China conflicts raised concerns in the new market. The uncertainty led to another sale, as Bitcoin decreased by 2.66 % today.

Curd experts predict more volatility

Senior analysts expect that bitcoin fluctuations will continue in the short term:

Michael van de BobbyA well -known encryption analyst, expecting continuous market fluctuations.

PhoenixExperienced merchant, believed that Bitcoin settles in a new short -term trading scope due to uncertainty.

Axel Adler JuniorThe series analyst indicated that Bitcoin financing has turned into negative, and a signal associated with increased rates of future prices is often associated with increased prices.

A new encoding strategy is coming?

While Bitcoin struggles with uncertainty in the market, David Sacks, TROMP’s AI and Cryptocurrency, is scheduled to hold a press conference today to determine government encryption plans.

The joining of the main policy makers, including:

• Chairman of the Senate Banking Committee, Tim Scott
• Chairman of the Senate Agriculture Committee John Bouzman
• Chairman of the Financial Services Committee, Parliament, French Hill
• Chairman of the Agriculture Committee in the House of Representatives GT Thompson

This event is expected to highlight how the administration aims to make the United States a global leader in creating cryptocurrency.