Bitcoin Shows Resilience Amid U.S. Trade Tariffs: Over 85% of Holders in Profit
Bitcoin's Resilience Shines Through Market Turmoil
Bitcoin has demonstrated remarkable resilience despite recent market volatility triggered by U.S. trade tariffs. Over 85% of Bitcoin holders remain in profit, even after the cryptocurrency dipped to $74,700 earlier this week. Currently, Bitcoin is trading at $82,030, reflecting a nearly 10% surge over the past 24 hours.
Market Volatility and Tariff Impact
The market instability was largely due to the U.S. imposing tariffs on 180 countries, excluding Russia and Belarus, and threatening China with escalated tariffs. However, a 90-day pause on these tariffs announced by Donald Trump has boosted risk assets, including Bitcoin.
Expert Opinion: Kevin O’Leary’s Stance on Tariffs
Shark Tank’s Kevin O’Leary, a crypto supporter, suggests the U.S. should impose even higher tariffs on China, potentially up to 400%. This stance adds another dimension to the ongoing trade dynamics and their impact on global markets.
Bitcoin’s ability to recover quickly, despite external economic pressures, underscores its strength and appeal as a resilient asset in uncertain times.
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