Bitcoin Faces Significant Decline as Market Reactions Intensify

BTC remains stagnant for a few minutes but has now plunged to the $83,500 range. Gradual gains have quickly reversed, leading to a deepening decline. Recent statements by Trump have disappointed traders who expected a bullish start to the new week.

Why is Bitcoin Declining?

As of the writing of this article, breaking news revealed that tariffs on China will continue. According to a TradFin report, no exemptions will be granted to China, and tariffs will persist as they are.

“No one will escape our unjust trade.” – Trump

Bitcoin (BTC) $103,705 suffered a loss of over $1,400 following the news about the lack of exemptions. ETH plummeted rapidly to $1,584, while SHIB dropped to $0.000120. This volatility has triggered a shock sell-off, as it appears that some exemptions concerning China have been revoked. The United States, trying to stabilize fluctuations in bond yields, seems to be exacerbating the situation. If the current outlook persists, it’s possible that the Fed may soon reverse its tightening policy by starting bond purchases.