U.S. President Trump's recent decision regarding tariffs has stirred the markets. On Wednesday, Trump announced a 90-day pause on tariffs for most countries. Following this announcement, the S&P 500 rose by 8.5%, and the Nasdaq increased by 11%. The Dow Jones index showed a rise of 2,700 points. Investors felt relieved with the decrease in tariffs. However, tariffs imposed on China were raised to 125%. This situation led to fluctuations in the markets.
Bitcoin gained more than 6% in value after Trump's announcement about tariffs, surpassing the $80,000 level. Investors shifted from risky stocks to cryptocurrencies. This movement indicates that Bitcoin is being used as a hedge against the trade war and uncertain monetary policies.
Bitcoin gained more than 6% in value after Trump's announcement about tariffs, surpassing the $80,000 level. Investors shifted from risky stocks to cryptocurrencies. This movement indicates that Bitcoin is being used as a hedge against the trade war and uncertain monetary policies.