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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Bitcoin (BTC) has fallen 5% this week, tracking broader market unease following Donald Trump’s tariff threats against Canada, Mexico, and China. The cryptocurrency plunged from $105,000 to $92,000 over the weekend as investors reacted to escalating trade tensions.
While Bitcoin showed weakness, Ethereum (ETH), Dogecoin (DOGE), and Trump’s meme coin suffered steeper declines. Trump’s token, which initially surged after its launch, has now plunged 75% from its peak, currently trading at $19.
Crypto Markets React to Trade War Fears
Trump’s protectionist policies have sent shockwaves through global markets. Over the weekend, he warned Americans to expect “some pain” from tariffs, reinforcing his strategy to bolster the U.S. economy. He also hinted at import taxes on the EU and UK, amplifying investor anxiety.
While U.S. stock markets pared early losses after Mexico secured a one-month reprieve from tariffs, crypto remains volatile. Bitcoin’s price movements are increasingly mirroring tech stocks, reflecting its growing institutional adoption.
“Bitcoin is now a macro asset,” said Nic Carter of Castle Island Ventures. “It has gained institutional credibility but is also more exposed to liquidity risks and macroeconomic factors.”
Bitcoin’s Institutional Adoption: A Double-Edged Sword?
Bitcoin’s evolution from a decentralized digital asset to an institutional-grade investment has fueled its rise to an all-time high of $109,000. Hedge funds and corporate treasuries have significantly increased BTC exposure, strengthening long-term fundamentals.
However, this adoption has also heightened Bitcoin’s vulnerability to central bank policy shifts, trade disputes, and regulatory changes. Like big tech stocks, BTC now reacts sharply to Federal Reserve rate decisions and geopolitical developments.
Meanwhile, Trump’s pro-crypto stance continues to support the industry. Once a skeptic, he now champions the U.S. as the “crypto capital of the world”, appointing pro-blockchain regulators to key positions. While short-term price swings persist, this political shift reinforces Bitcoin’s long-term bullish outlook.
Bitcoin Price Faces Bearish Risks as Key Support Levels Hold
Bitcoin (BTC) is trading at $96,200, down 5% for the week, as market uncertainty weighs on sentiment. The 50-day EMA at $98,700 remains a key resistance level, capping recovery attempts.
BTC’s price action is forming a symmetrical triangle, a pattern often signaling an imminent breakout—with a bearish tilt.
Currently, BTC is holding near $96,200, sitting just above the 0.236 Fibonacci level at $95,100. A break below this could push BTC toward $93,400 and $91,700.
If Bitcoin fails to hold $95,100, a deeper correction is likely. However, a breakout above $98,900 could invalidate the bearish outlook and spark bullish momentum.
On the upside, resistance is found at $97,200, with stronger barriers at $98,900 and $100,600. With $47.7 billion in trading volume, BTC’s next move remains a critical focus for investors.
Key Takeaways:
- Bitcoin fell from $105,000 to $92,000 following Trump’s tariff threats but rebounded above $100,000 after policy revisions.
- Trump’s meme coin has crashed 75%, while First Lady Melania Trump’s coin is down 90% from its peak.
- Institutional adoption has made Bitcoin more vulnerable to macroeconomic risks, mirroring tech stock behavior.
- Trump’s pro-crypto stance and regulatory appointments remain a bullish factor for the long-term outlook of digital assets.
With Bitcoin still hovering near all-time highs, the market is watching for further policy announcements, Federal Reserve decisions, and global trade developments that could determine its next major move.
Best Wallet Token ($BEST): A Smarter Way to Manage Crypto
Best Wallet Token ($BEST) is not just another presale—it’s the core utility asset of Best Wallet, a next-gen digital asset manager available on Google Play and the App Store. Designed for both casual and professional traders, it offers a seamless way to store, manage, and invest in cryptocurrencies while providing innovative features like early-access token discovery.
What sets Best Wallet apart?
Its “Upcoming Tokens” feature, which allows users to discover and invest in promising crypto projects before they hit mainstream markets.
With Fireblocks’ MPC-CMP security and support for 1,000+ cryptocurrencies, Best Wallet ensures secure transactions and seamless portfolio management.
Why Investors Are Bullish on $BEST:
- 188% APY in staking rewards, making it one of the most rewarding crypto investments.
- Over 144 million $BEST tokens staked, showcasing strong investor confidence.
- $9.3 million raised so far, with demand surging ahead of the next price increase.
Best Wallet’s latest update, version 2.4.5, now allows users to claim tokens directly within the app, eliminating the hassle of switching platforms. With Fireblocks’ MPC-CMP security framework and support for over 1,000 cryptocurrencies, Best Wallet ensures secure transactions and advanced portfolio management tools.
Currently priced at $0.0239, $BEST is on track for its next price increase, offering early investors a significant advantage.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
