 
 
The Bitcoin community is split. Some market players identify potential risks for Bitcoin and the broader cryptocurrency market, such as implementing higher tariff rates for many countries, while others note that the market stands to gain more from President Trump’s “crypto-friendly” administration.
Julio Moreno, a Lead researcher at CryptoQuant, first noted the downsides of increased tariff rates, highlighting their potential impact on Bitcoin’s near-term performance and future.
“Trump has introduced too much uncertainty to the world economy with tariffs. There’s a high enough chance of recession if the tariffs last long enough. This, of course, has hit Bitcoin and crypto prices in spite of a positive regulatory environment and talks about US crypto reserve.” He asserted in the previous year.
Notably, the cryptocurrency industry has witnessed major sell-offs as key players attempt to edge against risky assets.
Bitcoin launched Tuesday with an opening price reflecting a 4% drop in value to $82,000. This development follows President Donald Trump’s announcement, whose implementation of a fresh tariff rate on global partners continues to stir panic within the trade and broader financial markets.
 
In response to the market chaos, researcher Julio Moreno reminds Bitcoin proponents of the impending dangers of Trump’s recent move. “I hope Bitcoiners learn that Trump’s tariffs are a net negative for Bitcoin and the US economy.” He added.
On Wednesday, pseudonymous analyst AliCharts outlined a possible bullish move for Bitcoin with tariffs in play. At the time, Bitcoin held a critical range between the $86,900 and $84,800 price levels before breaking downwards, sustaining a mild dump, and correcting to the $82,000 price levels.
However, at the time of this report, Bitcoin, down by 5% from the previous day, trades at $82,522.
