Trump's new tariff threat has shaken the market: BTC is trying to stay stable around $95000

US President Donald Trump announced plans to reignite the trade war by imposing mutual tariffs. This move targets countries such as India, Brazil, and Vietnam, potentially exacerbating global economic uncertainty and triggering a new round of fluctuations in the Bitcoin market.
Trump announced that he will take equivalent measures against countries that impose high tariffs on imports to the United States. This decision is expected to directly impact developing countries and may trigger tension in global trade relations.
Especially in trade negotiations with India, some tariffs are expected to be reduced, while trade relations with China and Mexico still remain uncertain. Economists point out that new tariffs may increase the prices of imported products in the United States and exacerbate inflationary pressures.
Trump said in a post on Truth Social: "We have had three wonderful weeks, maybe the best, but the truly great day is today: reciprocal tariffs! Make America great again!" These words have attracted attention.
Bitcoin and the impact on the market
Bitcoin is considered a safe haven in times of economic uncertainty, but in the past, it has reacted sharply to Trump's tariff statements. Prior to the tariff announcement in February, BTC fell from $102,000 to $91,000, but quickly rose to $98,000 the next day.
Currently, Bitcoin is trading at $95,862 and has dropped by 2.20% in the past 24 hours.
The highest price is $98.083, and the lowest price is $95.336.
The relative strength index (RSI) is currently at 42.43, below the neutral level of 50. This indicates that the bear market is controlling the market.
The MACD indicator also issued a negative signal, with BTC trading below the 20-day exponential moving average at $98.406.(EMA)
Will BTC face a new round of selling pressure?
People believe that Trump's trade policy may cause significant fluctuations in the BTC and cryptocurrency markets. Similar comments have previously led to a sharp drop in the BTC price, followed by a rapid rebound.
Recent global market uncertainty and US inflation risks could have a decisive impact on the trend of Bitcoin. The possibility of a strong rebound for BTC after a pullback should not be ignored, along with the key support level of $93,400.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #$LAYER Launchpool Airdrop is Live #AI Rebound: Which Tokens to Watch?