⚡ Bitcoin Plunges to $115K as Trump’s Trade Tariffs Take Effect!
Bitcoin fell 2.02% to $115,000 in the past 24 hours after the U.S. trade tariffs officially took effect on Friday (01/08).
📌 Higher tariffs imposed on several countries, including Switzerland (39%) and Taiwan (20%), pushed the U.S. Dollar Index up 3%, adding pressure on Bitcoin. 📌 This marks the second-lowest price in a week. 📌 Skepticism from traditional finance players like JPMorgan, whose CEO Jamie Dimon favors stablecoins and blockchain tech, also weighed on BTC.
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⚡ Bitcoin Plunges to $115K as Trump’s Trade Tariffs Take Effect!
Bitcoin fell 2.02% to $115,000 in the past 24 hours after the U.S. trade tariffs officially took effect on Friday (01/08).
📌 Higher tariffs imposed on several countries, including Switzerland (39%) and Taiwan (20%), pushed the U.S. Dollar Index up 3%, adding pressure on Bitcoin.
📌 This marks the second-lowest price in a week.
📌 Skepticism from traditional finance players like JPMorgan, whose CEO Jamie Dimon favors stablecoins and blockchain tech, also weighed on BTC.
👉 Do you think these trade tariffs could trigger a long-term bearish trend for BTC? 🤔
#BTC & ETH Launchpool Yield Exceeds 3% #White House Crypto Report #Fed Rate Decision