Naranj Capital
Naranj Capital
February 3, 2025 at 09:43 AM
*Bitcoin Drops as Tariffs Weigh on Risk Assets 📉🇺🇸* _◻️ *Price Drop:* Bitcoin fell sharply below $1,00,000 as Trump's tariffs on Canada, Mexico, and China triggered a risk-off market sentiment._ _◻️ *Risk Asset Status:* Bitcoin, increasingly seen as a risk asset, faced selling pressure as investors moved to safer havens like gold and bonds._ _◻️ *Market Volatility:* Tariffs heightened economic uncertainty, exacerbating Bitcoin's price volatility._ _◻️ *Liquidation Pressure:* Traders may have liquidated Bitcoin positions to cover losses elsewhere or to reduce exposure to risk._ _◻️ *Long-Term Outlook:* Despite the drop, Bitcoin's decentralized nature and potential as a hedge against inflation and traditional financial systems could support its recovery._

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