Bitcoiners Should Brace For More Volatility Amid Trump Tariffs

Swan Bitcoin CEO Cory Klippsten warned that Bitcoin's price volatility is set to continue following a recent plunge to $102,000 triggered by President Donald Trump's announcement of a 100% tariff on Chinese imports. Klippsten characterizes the market's reaction as 'classic macro whiplash,' suggesting that Bitcoin may experience further fluctuations in the short term as it finds support. In the past 24 hours, approximately $2.19 billion in Bitcoin long positions were liquidated, contributing to a total of $8 billion across the wider crypto market. Analysts emphasize this price drop could offer buying opportunities, with strategies advising to acquire Bitcoin during market downturns. Despite the turmoil, Bitcoin has shown signs of recovery, trading at $113,231, highlighting the erratic nature of current market conditions influenced by macroeconomic factors related to tariffs and equities.

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