Bitcoin fell to 106,000 dollars: tariff uncertainty increased profit sales
Bitcoin was subjected to profit sales due to Trump's contradictory statements on tariff policies. SEC's dropping the Binance case was not enough to withdraw the market.
Despite the fall of the Binance case, Bitcoin and Altcoins decrease. The market is looking for direction with Trump’s contradictory moves in the trade war.
The price of Bitcoin continued to decrease on a weekly basis by declining to 106,000 dollars in the morning of May 30th. Behind the withdrawal, US President Donald Trump’s uncertain policy for tariffs and the market concern it has created.
Positive developments such as Gamestop’s BTC purchase of 500 million dollars and the reduction of SEC’s Binance case were insufficient to carry the price up.
📉 Weekly loss: Return from record
Bitcoin, who reached 111,000 dollars last week, was subjected to intense profit sales this week.
Price as of Thursday: $ 106.267 (-2.44%)
🏛️ Trump tariffs: uncertainty climbs
The US Commercial Court temporarily blocked Trump’s tariffs.
However, a appeal court temporarily abolished this obstacle.
Trump attacked the judges and said that he hoped the Supreme Court to decide in his favor.
“While legal turmoil, the market has difficulty finding direction.”
🧮 Economic data and effect
The US 1st quarter GDP data showed that the contraction in the economy was less than expected.
However, this optimism had a limited effect due to tariff -related systemic uncertainty.
⚖️ Sec SEC has dropped the Binance case
SEC, Binance and CEO Changpeng Zhao against Zhao’ya 2023 civil case with the “prejudice” decision (to not open again) withdrew.
The price of BNB Token reacts to this news limited, 1.1 %decreased $ 674.20 $.
Binance had previously paid a penalty of $ 4,32 billion for violating AML laws.
📉 Altcoins are also in a decline
Ethereum (ETH): $ 2.642 (-3.77%)
XRP: $ 2.21 (-4.08%)
Solana: -4.95%, Cardano: -6.37%
Polygon (MATIC): -4.43%
Dogecoin: -8.65%,
TRUMPO TOKEN: -8.35%
🧭 General Evaluation
The Bitcoin and the crypto market have difficulty finding the direction of Trump policies with the contradictory nature.
The influence of positive developments such as the SEC’s back name remained limited.
Macro uncertainties, especially tariffs and the risk of economic slowdown lead investors for short -term sale.
