Crypto Surges as Trump Delays Tariffs: Bitcoin Outshines Wall Street, Alt coins Roar Back to Life
π Last week, President Donald Trump announced a 90-day delay on new tariffs for most countries β excluding China, which faced increased tariffs up to 145%. This decision followed significant market volatility and rising investor concerns over the economic impact of the proposed tariffs. π¦π₯
πͺπΉ The crypto market, particularly Bitcoin, responded positively to this development. Bitcoinβs price surged, outperforming traditional markets and reinforcing its role as a hedge against economic uncertainty. Analysts credit this rally to:
- π Increased institutional adoption
- β³ The upcoming Bitcoin halving
- π‘οΈ Growing perception of Bitcoin as a store of value amidst global tension
π₯ Meanwhile, altcoins saw a surge in volume and prices, riding the wave of renewed interest in crypto. The overall sentiment points to cryptocurrencies gaining traction as alternative investment assets during periods of traditional market instability. ππ
So the question remains β are we truly witnessing the start of a new bull market, or is this just another round of clever market manipulation playing on investor sentiment? π€ππ