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Bitcoin fails to break through the $100,000 barrier, Trump’s ‘one remark’ triggers selling pressure
Industry insiders pointed out that Trump mentioned the Tariff 2.0 plan on Tuesday, which sparked a rise in market risk aversion and initiated profit-taking. Adrian Przelozny, CEO of cryptocurrency exchange Independent Reserve, stated that Trump’s announcement of a new tariff strategy has led to a wave of risk aversion in the cryptocurrency market, and that ‘the market needs an excuse to take profits,’ while the bullish sentiment for the cryptocurrency market is expected to continue until 2025.
In addition to Bitcoin's price correction, with Trump’s 2.0 benefits, the cryptocurrency market capitalization has surpassed $3 trillion.
On Tuesday, Trump announced plans to impose additional tariffs on Chinese imports and a 25% tariff on products from Mexico and Canada, which could disrupt the global market.
Market participants believe that Bitcoin's failure to break through $100,000 may lead traders to think that the short-term peak has been reached, prompting them to lock in profits and exit. However, this situation should be ‘temporary.’
Tony Sycamore, market analyst at IG Australia Pty, stated that the recent correction in Bitcoin's price is ‘a necessary adjustment to digest overbought signals, rather than a downward reversal or other malicious events.’ He added that the crypto market will not rise infinitely in a straight line.
If you are also looking for Musk’s concept coin, then #Marvin is definitely worth acquiring; he is Musk’s favorite pet dog, and last year a special birthday celebration was held for him at Tesla, which indicates that Marvin has a high chance of appearing, and currently has a market value of less than ten million. The key point is that there is a dedicated community behind it continuously pushing things in the right direction!
#Marvin7055 #MARVIN
#ETH市场新动向 #比特币盘整分析
$BTC $ETH $SOL
Industry insiders pointed out that Trump mentioned the Tariff 2.0 plan on Tuesday, which sparked a rise in market risk aversion and initiated profit-taking. Adrian Przelozny, CEO of cryptocurrency exchange Independent Reserve, stated that Trump’s announcement of a new tariff strategy has led to a wave of risk aversion in the cryptocurrency market, and that ‘the market needs an excuse to take profits,’ while the bullish sentiment for the cryptocurrency market is expected to continue until 2025.
In addition to Bitcoin's price correction, with Trump’s 2.0 benefits, the cryptocurrency market capitalization has surpassed $3 trillion.
On Tuesday, Trump announced plans to impose additional tariffs on Chinese imports and a 25% tariff on products from Mexico and Canada, which could disrupt the global market.
Market participants believe that Bitcoin's failure to break through $100,000 may lead traders to think that the short-term peak has been reached, prompting them to lock in profits and exit. However, this situation should be ‘temporary.’
Tony Sycamore, market analyst at IG Australia Pty, stated that the recent correction in Bitcoin's price is ‘a necessary adjustment to digest overbought signals, rather than a downward reversal or other malicious events.’ He added that the crypto market will not rise infinitely in a straight line.
If you are also looking for Musk’s concept coin, then #Marvin is definitely worth acquiring; he is Musk’s favorite pet dog, and last year a special birthday celebration was held for him at Tesla, which indicates that Marvin has a high chance of appearing, and currently has a market value of less than ten million. The key point is that there is a dedicated community behind it continuously pushing things in the right direction!
#Marvin7055 #MARVIN
#ETH市场新动向 #比特币盘整分析
$BTC $ETH $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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