- Trump’s mutual rates cause economic uncertainty that influence Bitcoin and large cryptocurrencies.
- Crypto-Walvissen accumulate BTC and signal in long-term trust despite market volatility.
In a surprising turn of events that could again define worldwide trading dynamics, President Donald Trump announced on 7 February that he intended to impose ‘mutual rates’ on several countries, with more details expected by 10 or 11 February.
He did not specify which countries would be affected, but his comments hinted on a broad and aggressive strategy aimed at reforming international trade in favor of the US
“I will announce that next week, so that we will be treated evenly with other countries. We don’t want any more, less. “
Moreover, ACcordonation to a Bloomberg report” The global tariff plan can have a special focus on the European Union.
Impact on the cryptomarket
These aggressive trade measures have already fueled economic uncertainty, creating ripples in the financial markets.
The impact on the cryptomarkt was also immediately, with large digital assets experienced sharp falls.
Earlier, when President Trump announced the first rates, more than $ 2 billion were liquidated in the cryptomarkt when Markt -wide sale Bitcoin, Ripple [XRP]Dogecoin [DOGE]Solana [SOL]And other large cryptocurrencies.
A commentary on this, a crypto investor known as ‘The Wolf of All Streets’ pointed out,
“$ 2B liquidated in 24 hours. That’s a record. More than the Covid -Dump. More than the FTX -Inenenteing. Epic.”
This historical liquidation underlined the vulnerability of cryptocurrency markets for geopolitical and macro -economic shocks.
Now, with new mutual rates that are expected within a few days, the market is again braced for potential turbulence.
Execs remain bullish
While fears for a deeper crash loom, crypto -whales do not seem to be raised, using the dip to collect more assets.
According to crypto analyst Ali Martinez, large investors have withdrawn more than 70,000 BTC from stock markets in the past week, indicating an unwavering faith in the long-term potential of Bitcoin.
Source: @ali_charts/x
In a separate tweet, he further added”
“The best buying options often come when Crowd sentiment to #bitcoin $ BTC is negative. At the moment, Sentiment suggests that this could be one of those moments! “
This trend suggests that, despite the volatility in the short term, institutional and high -quality investors continue to see Bitcoin as a valuable cover against economic uncertainty.
Current market trend
That said, despite recent turbulence, the cryptomarkt shows signs of resilience.
The global crypto market capitalization has risen to $ 3.19 trillion, which marked an increase of 1.88% in the last 24 hours Mint market cap.
This upward momentum suggests that investor sentiment is gradually improving, which may indicate a recovery in the coming days.