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What's Happening with Bitcoin? A $6,000 Movement After China's Statement! - Coin Bulletin
After the statements made regarding President Donald Trump's consideration to suspend customs duties for all countries for 90 days, Bitcoin (BTC) rose to as high as 81 thousand dollars.
It was claimed that Donald Trump is considering suspending customs duties for all countries outside of China for a period of 90 days. Following this announcement, there was an expectation of relief in financial markets, and Bitcoin rose to as high as $81,000. However, due to the unclear nature of the source, the price could not remain at these levels for long and pulled back to $78,500 after significant selling pressure.
Ethereum (ETH) similarly drew attention by rising above 1,600 dollars. Investors are watching what kind of effects Trump's statement will have on the cryptocurrency market in the short term.
Trump's statements have increased the interest in risky assets, particularly cryptocurrencies like Bitcoin and Ethereum. However, the pullback after Bitcoin reached 81,000 dollars indicates that uncertainty in the market persists.
CNBC: "According to information obtained from sources close to the White House, no official at the White House is aware of Donald Trump's 90-day tariff delay."