Bitcoin Price Volatility and Trump’s Tariff Policy
Bitcoin recently experienced a dip following U.S. President Donald Trump’s announcement of a 10% universal tariff on all imported goods. This policy has sparked concerns about global trade and economic outlook, putting pressure on the broader cryptocurrency market. In response, China imposed a 34% tariff on U.S. imports, further fueling market volatility. Despite this, Bitcoin has shown resilience after Nasdaq’s worst trading day since 2000.