Trump’s new tariff threats rattle markets – Assessing the impact on Bitcoin

Key Points

1. Trump's tariff remarks led to a 14-point drop in the S&P 500 and declines in cryptocurrencies like Bitcoin (-1.5%), Ethereum (-4%), XRP (-5.24%), and Dogecoin (-3.5%).

2. Over 91% of Bitcoin holders remain in profit, with fewer than 2% at a loss, indicating strong long-term confidence despite short-term market dips.

3. Trump hinted at a potential trade deal with India, contrasting his aggressive stance toward other trade partners like Japan.

4. CNBC reported Trump's tariffs have generated over $121 billion for the U.S., countering earlier skepticism about his trade policies.

5. Market analysts, including Robert Kiyosaki, view Bitcoin's price dips as temporary, maintaining optimism about its long-term trajectory.