Santiment: Trump's tariff threat disrupted the Bitcoin market rally

After reaching an all-time high last week, BTC is under pressure due to geopolitical issues and Trump's tariff policy. Trump's threat of tariffs on the EU caused a slight pullback in BTC, but with Trump's postponement post over the weekend, BTC has basically fluctuated around $109,000 this week.

At the beginning of April, the US tariffs caused market turmoil, and the price of bitcoin fell to about $82,000. Trump raised tariffs on Chinese goods to 104%, adding to market volatility and sending the price of bitcoin down to $74,600, triggering the collapse of more than $287 million in cryptocurrency trading. Subsequently, the White House announced negotiations with more than 75 countries on tariffs, market sentiment improved, and the price of bitcoin rebounded to about $82,000.

As the first week of May came to a close, with the announcement of high-level trade negotiations between China and the United States, the price of Bitcoin rebounded from $94,000 to over $97,000. Following this, the easing of geopolitical tensions, the influx of Exchange-Traded Funds (ETFs), and increased institutional demand allowed the price of Bitcoin to successfully break through the $100,000 mark, reaching a historic high on May 22.

However, on May 23, Trump again announced a 50% tariff on EU goods, causing the price of bitcoin to fall to a low of $107,000 at one point. However, the sell-off quickly passed, and on May 25, Trump extended the tariffs on the EU, citing the fact that negotiations were still ongoing, and the price of bitcoin recovered to $109,500.

According to Santiment's analysis, there is a strong sense of panic on social media, with retail traders fleeing altcoins, causing the mention rate of tariffs to soar by 300%, marking the largest increase since the market adjustment in April.

Trump's strategy of "threat first, delay later" in the trade war has caused the market to fluctuate between fear and cautious optimism, adding a layer of unpredictability to the market.

Due to the next tariff decision being postponed to July 9, this means that the short-term trend of Bitcoin will be influenced by geopolitical factors. If Trump continues to pursue trade war strategies, the consequences could spill over into stocks, currencies, and of course, cryptocurrencies.

During this period, digital asset traders will navigate the interplay and trade-offs between technical optimism and political uncertainty.

#比特币市场涨势 # Santiment