Bitcoin falls to $96.8K as Trump tariffs spook markets

[Lucius]

~snip~
To me this looks like his play and I think it is going to hurt a lot of people. Myself included.

Of course, ordinary people will suffer the most, because the war with customs will only make an already expensive life more expensive, and a lot of people will lose their jobs globally. Some will adapt better than others, but as you already wrote, the world order is already shaken and everyone agrees that we could not have expected something like this in our wildest dreams.

BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.

[Amphenomenon]

~snip~
To me this looks like his play and I think it is going to hurt a lot of people. Myself included.

Of course, ordinary people will suffer the most, because the war with customs will only make an already expensive life more expensive, and a lot of people will lose their jobs globally. Some will adapt better than others, but as you already wrote, the world order is already shaken and everyone agrees that we could not have expected something like this in our wildest dreams.

To be frank, I'm still curious how all these will play. Anyway, I'm not really worried or scared after all my country economy state has been something we could say hellish for the common man.

BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.

I guess you are referring to the Kamala vs Trump debate. Anyway, while at onetime I choose not to pick a side but still went back the side I was supporting in the long run, which was Trump. I think he will still do better. I don't know is entire motive for this but I think i the long run if this doesn't work he will find an alternative.

Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first  governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.

[Forsyth Jones]

The orange man is using tariffs as a monetary weapon, hoping to balance things out. But for now, the overall market is declining and the bitcoin/crypto market is being dragged down. but this is due to the fact that traditional investors don't know how Bitcoin and other crypto work, they still haven't realized Bitcoin is the safe haven for traditional market anomalies.

They haven't grasped that Bitcoin doesn't depend on banks or governments for its existence and perhaps have never even used a self-custody wallet like Electrum or Trezor.

I'm still undecided about whether I support what Trump is doing or not, but as long as Bitcoin's price stays around $80K, I'll keep stacking sats.

Maybe the market is just waiting for Trump's tariff resolution, more QE (quantitative easing) and interest rate cuts before the bull run can continue. But I wonder if that doesn't happen, do you think it could change Bitcoin's market cycle trajectory?

[Lucius]

BTC is still holding up well no matter what, but we'll see what happens in the coming days and weeks. I have been saying for months that years of chaos await us, but I sincerely hoped that reason would prevail in the American people and that they would choose the lesser of two evils - unfortunately that did not happen and we will all pay the price.

I guess you are referring to the Kamala vs Trump debate. Anyway, while at onetime I choose not to pick a side but still went back the side I was supporting in the long run, which was Trump. I think he will still do better. I don't know is entire motive for this but I think i the long run if this doesn't work he will find an alternative.

I would always choose a policy that is not destructive (because I don't know what else to call what the US is currently doing), and policy that calls the aggressor by his real name, and does not equate it with a victim who is fighting for his survival.

I don't know what will come of all this in the end, except that I know that millions of people will lose their jobs, and that we will pay a lot more for many things than we have been paying for them so far.

Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first  governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.

Perhaps the biggest challenge that BTC currently has is that too many people expect politics in the US to do something for them, but such people only want profit and do not care about the consequences that may arise as a result of the involvement of politics where it should not be.

These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.

In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.

[Amphenomenon]

Also, that aside Bitcoin will still find a way to regain it growth, this is not the first challenge Bitcoin has ever faced in it growth neither the first  governmental rule/law that disturbed it growth. In the end people will see it bigger than this challenges maybe this would be an enlightenment this time, that Bitcoin bigger than the government, rather let's just HODL, stack more and watch.

Perhaps the biggest challenge that BTC currently has is that too many people expect politics in the US to do something for them, but such people only want profit and do not care about the consequences that may arise as a result of the involvement of politics where it should not be.

To be honest this is what somehow old cypherpunk were against the dependency on government but unfortunately what matters to many now is the value. Scalability issues doesn't matter to them and that was why they didn't care about the ordinals then and use the word Bitcoin is now bigger than Satoshi which is true but they ignore that doesn't mean everything to change. These was what brought the earlier interest of others rather than the value.

To be honest people in the end seems like they don't want to breakout from the shackles of governments and that's why the market is still highly swayed by them.

Anyway, this is also among what is killing blockchain innovation, all they care is to create their coins/tokens make money and dump, nothing really innovative in this technology especially in comparison to others pace.

These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.

In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.

I guess this can be consider as a good news, ironically to be frank since many has that ideology that cryptocurrency is just too volatile, including bitcoin and see stock as something stable which is quite true but not as many take it literally.

This gave a view of how volatile and how much people can lost in stock within a short time which is an eye opener to many now. If it affect bitcoin, that means stock is inevitable also.

[yhiaali3]

These days I read various negative stories about BTC in the sense that it is losing value and that the bull run is over and that people are losing the money they invested in it, while at the same time the stock market in the US has lost as much as $6.4 trillion in the past few days.

In the last two days, the U.S. stock market has lost $6.4 trillion in value, according to Dow Jones Market Data. That beat the previous record, set over March 11-12, 2020, when the markets lost $4.4 trillion in value.

I guess this can be consider as a good news, ironically to be frank since many has that ideology that cryptocurrency is just too volatile, including bitcoin and see stock as something stable which is quite true but not as many take it literally.

This gave a view of how volatile and how much people can lost in stock within a short time which is an eye opener to many now. If it affect bitcoin, that means stock is inevitable also.

I've been happy over the past two days that Bitcoin has maintained its stability despite the significant drop in stock markets. I was proud to see Bitcoin hold steady while all other stocks gradually collapsed.

Unfortunately, the effect is now beginning to be felt in Bitcoin's performance, and it has begun to decline. There's now a significant drop, having fallen from $83K to below $79K. I hope Bitcoin can maintain its stability and recover quickly.

[Forsyth Jones]

I've been happy over the past two days that Bitcoin has maintained its stability despite the significant drop in stock markets. I was proud to see Bitcoin hold steady while all other stocks gradually collapsed.

Unfortunately, the effect is now beginning to be felt in Bitcoin's performance, and it has begun to decline. There's now a significant drop, having fallen from $83K to below $79K. I hope Bitcoin can maintain its stability and recover quickly.

There is still hope, Bitcoin is an asset that has historically followed the M2 price pattern, with a lag of approximately 100 days.

In other words, if M2 acquires greater liquidity by increasing in price months in advance, this will be reflected in Bitcoin months later, following its rhythm.

And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.



https://bitcoincounterflow.com/pt/graficos-bitcoin/m2-global-bitcoin/

[SamReomo]

Bitcoin fall below $80k mark once again and none of us even worry a little bit even with such a fall. The market is going to recover from it as not only Bitcoin but the whole markets are dropping in value. The recovery will be there within a month.

[yhiaali3]

And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.

Yes, I hope so. Today, Bitcoin continues to decline, with its price now below $77K, a drop of about 8% so far. I expect the decline to continue due to the panic in global markets.

However, I'm not worried because, as you mentioned, M2 is rising. This means more liquidity is being added to the market due to the price decline, which encourages more investors to buy. We hope the market recovers over time.

[Forsyth Jones]

And now, M2 is on the rise, which means that there is more liquidity being added to the market and the more liquidity in the market, the more value is being distributed to variable income assets, this includes the stock market, crypto assets, etc.

Yes, I hope so. Today, Bitcoin continues to decline, with its price now below $77K, a drop of about 8% so far. I expect the decline to continue due to the panic in global markets.

However, I'm not worried because, as you mentioned, M2 is rising. This means more liquidity is being added to the market due to the price decline, which encourages more investors to buy. We hope the market recovers over time.

It always recovers. Besides, today is Black Monday and will go down in history just like the coronacrash.

In times of crisis, it's a good opportunity to buy, great opportunities arise. But it's always good to have a caveat: buy only what you can afford to lose, profits will only be a good consequence of your patience and perseverance.

[Mate2237]

This Tariff war that is going on in the world it is not only affecting bitcoin but also hitting hard on humans because the price of goods and services are very high and costly and that makes living unbearable. And right now US increases their Tariff to 245% while China has increased their 125%. And China like this is well ready for the battle.

They are all industrial countries so the war is not affecting them that much but other countries suffer the more.

[Forsyth Jones]

At first, during a crisis or threat of recession like the one we are facing with Trump's tariffs, investors tend to treat Bitcoin like any other technology stock, and then it tends to follow its own path (as happened in the coronacrash).

I heard that the EUA, through President Trump, was negotiating a deal with China regarding the tariffs that are now set at 145%.

However, the Chinese Commerce Ministry spokesperson said that there are no negotiations taking place around the tariffs... which could discourage the market in a few days if this actually happens. In the meantime, China has said that it's willing to make a deal with EUA as long as Trump completely cancels the tariffs and tries to negotiate another way.