#BERAonBinance #USJoblessClaimsRise
Listen all Binance Users must read this post and comment their thoughts đ
â€ïžâđ„Bitcoin experienced a significant decline at the beginning of the week, falling to $91,231. This drop was influenced by US President Donald Trump's announcement of tariffs on major trading partners, including China, Canada, and Mexico, which negatively affected the cryptocurrency market.đŻ
Later that same day, discussions between President Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Justin Trudeau led to a decision to postpone the tariffs for 30 days. This development improved market sentiment, allowing Bitcoin to recover and close above $101,300 on Monday.đŻ
The initial price drop resulted in substantial liquidations across the crypto market, totaling $1.72 billion, with $373 million specifically related to Bitcoin. Bybit's CEO, Ben Zhou, suggested that the actual liquidations could be between $8 billion and $10 billion, highlighting discrepancies in reported figures due to API restrictions.đą
Additionally, Bitcoin's recovery was bolstered by President Trump's announcement of a new US sovereign wealth fund aimed at promoting economic growth, which raised hopes for Bitcoin's potential inclusion in the fund. However, this optimism was short-lived as China's finance ministry announced tariffs on US products, leading to a 3.5% decline in Bitcoin's value in response to Trump's tax on Chinese imports.âšïž
#Write2Earn #bitcoin #MarketRebound
$UTK $BTC $BERA
Listen all Binance Users must read this post and comment their thoughts đ
â€ïžâđ„Bitcoin experienced a significant decline at the beginning of the week, falling to $91,231. This drop was influenced by US President Donald Trump's announcement of tariffs on major trading partners, including China, Canada, and Mexico, which negatively affected the cryptocurrency market.đŻ
Later that same day, discussions between President Trump, Mexican President Claudia Sheinbaum, and Canadian Prime Minister Justin Trudeau led to a decision to postpone the tariffs for 30 days. This development improved market sentiment, allowing Bitcoin to recover and close above $101,300 on Monday.đŻ
The initial price drop resulted in substantial liquidations across the crypto market, totaling $1.72 billion, with $373 million specifically related to Bitcoin. Bybit's CEO, Ben Zhou, suggested that the actual liquidations could be between $8 billion and $10 billion, highlighting discrepancies in reported figures due to API restrictions.đą
Additionally, Bitcoin's recovery was bolstered by President Trump's announcement of a new US sovereign wealth fund aimed at promoting economic growth, which raised hopes for Bitcoin's potential inclusion in the fund. However, this optimism was short-lived as China's finance ministry announced tariffs on US products, leading to a 3.5% decline in Bitcoin's value in response to Trump's tax on Chinese imports.âšïž
#Write2Earn #bitcoin #MarketRebound
$UTK $BTC $BERA
