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Trump's tariff policy triggers Black Monday in the crypto market
Damn, Trump really is the market’s disruptor machine🔴 The Federal Reserve Chair situation has been full of twists and turns. Hassett was originally the favorite, but then suddenly the hawkish Waller’s chances shot up to 60%? This policy direction change caught the market off guard, giving you a “surprise” of Black Monday—BTC instantly dropped from 97K to 92K, with $593 million liquidated and 238,400 people losing blood😱
The key is, this guy is still playing the tariff drama. The Greenland saga isn’t over yet, and he’s now firing at the EU, starting with 10% tariffs, jumping to 25% in June. The market simply can’t predict his next move, and this uncertainty is more deadly than market fluctuations. Plus, the CLARITY Act was suddenly postponed, Coinbase withdrew support, and regulatory expectations took another hit. Damn, this is what you call a "perfect storm"💥
The current situation is, it’s easy for Bitcoin to rebound from 85K to 97K, but can it hold? Who knows. Trump’s “TACO-style performance,” we can only bet he’ll pull another reversal soon. Short-term, expect continued pullbacks unless there’s a new positive catalyst. Otherwise, it’s safer to take profits now. Altcoins should be put aside for the moment; wait until the storm passes before considering them🤷